The forecast for Canadian imports of nitric acid and sulphonitric acids indicates a gradual decline from 2024 to 2028, starting at 10.229 million kilograms in 2024 and decreasing to 8.8365 million kilograms by 2028. Compared to 2023, where imports stood at approximately 10.5 million kilograms, the year-on-year variations reveal a consistent decline, averaging a CAGR of approximately -3.6% over the five-year forecast period.
Looking ahead, key trends to monitor include potential impacts from changes in domestic production capabilities, shifts in regulatory environments that could affect demand, and the development of alternative materials that might reduce dependence on these imports.
