The import of expanded metal of iron or non-alloy steel to Canada is projected to steadily increase from 2024 through 2028, starting at 8.35 million USD in 2024 and reaching 8.85 million USD by 2028. This reflects a moderate and consistent year-on-year growth trend averaging around 1.5%. The compounded annual growth rate (CAGR) for these five years is approximately 1.46%.
In 2023, the imports stood close to the 2024 forecast, suggesting a stable market with minor fluctuations expected. The importance of expanded metal in various industrial applications suggests continuity in demand.
Future trends to watch for:
- Global steel market trends may influence prices and import volumes.
- Technological advancements might impact the production and application of expanded metal.
- Evolving trade policies could alter import dynamics significantly.
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