The forecast for Canada's import of alkali, alkaline-earth metals, rare earths, and mercury indicates a steady increase from 2024 to 2028, with values rising from 11.357 million USD in 2024 to 11.602 million USD in 2028. The year-on-year growth is approximately 0.6% to 0.7% per annum. As of 2023, the import value was previously recorded at a lower level, highlighting consistent growth in demand. The compound annual growth rate over the five-year forecast period shows a modest upward trend, reflecting ongoing industrial applications and emerging technologies that will likely increase demand for these materials.
Future trends to watch for include:
- Technological advancements increasing demand for rare earth elements.
- Global supply chain shifts affecting import costs and availability.
- Regulatory changes impacting the trade of mercury and rare earths.
