The value added of Copper Rolling, Drawing, Extruding, and Alloying in Canada showed an upward trajectory from 2013 to 2023, reaching 441.1 million CAD in 2023. This sector experienced significant fluctuations, with a major drop in 2015 followed by a sharp recovery in 2016. From 2018 onwards, a consistent growth pattern emerged, peaking at a year-on-year variation of 19.92% in 2022 and 16.44% in 2023 reflecting a robust industry performance.
With an actual value of 441.1 million CAD in 2023, the sector anticipates substantial growth in the upcoming years, with forecasts projecting a steady increase in value added, culminating at 743.35 million CAD by 2028. This predicts a compound annual growth rate (CAGR) of 8.13% from 2024 to 2028, along with an overall 5-year growth rate of 47.85%.
Future trends to watch for include advancements in technology to drive efficiency, changes in global demand and supply dynamics, and the impact of sustainability initiatives on production processes. Close monitoring of market fluctuations and evolving industry standards will be crucial for maintaining growth.
