The forecast for the output of fabricated metal products in Canada shows a consistent growth from 2024 to 2028. Starting at CAD 43.32 billion in 2024, the output is expected to increase steadily, reaching CAD 45.16 billion by 2028. This represents a year-on-year growth ranging from 1.08% to 1.09%, indicating a stable and positive trend in the sector. The Compound Annual Growth Rate (CAGR) for the 2024-2028 period is approximately 1.04%, reflecting a steady increase in output over the five-year forecast period.
Looking ahead, key trends to watch include advancements in technology, shifts in global supply chains, and changes in domestic and international demand for fabricated metal products. These factors could influence the pace of growth and offer new opportunities and challenges for the sector.