As of 2023, Canada had a baseline for re-importing uranium ores and concentrates. From 2024 to 2028, forecasts indicate a steady increase from 213 kilograms to 231 kilograms. This reflects modest year-on-year growth rates: 2024 to 2025 shows a 2.35% increase, 2025 to 2026 a 1.83%, 2026 to 2027 a 2.25%, and 2027 to 2028 a 1.76%. Over the forecast period, the compound annual growth rate (CAGR) is expected to be around 2.1%.
Future trends to watch include global uranium demand fluctuations, changes in international trade policies, technological advancements in nuclear energy, and environmental considerations impacting re-import strategies. Monitoring these factors can offer insights into potential deviations from projected growth.
