The import of hydraulic cements, excluding Portland or aluminous types, to Canada is projected to grow from $41.441 million in 2024 to $46.619 million by 2028. This represents a cumulative annual growth rate (CAGR) of approximately 2.4% over the five-year period. The consistent year-on-year growth indicates a stable increase in demand likely driven by continuous infrastructure development and a robust construction industry in Canada. In 2023, the import value was slightly below the 2024 forecast, suggesting an upward trend beginning from 2023.
Future trends to watch for include:
- Impacts of environmental regulations on the cement industry, potentially influencing import dynamics.
- Further growth in the construction sector, which could drive demand for diversified cement products.
- Innovations in construction materials that may affect the composition or demand for hydraulic cements.