Forecasted data indicates a steady increase in the re-importation of grill, netting, and fencing, made of welded iron and non-alloy steel into Canada. The estimated growth from 2024 to 2025 shows a 3.14% increase, with subsequent yearly rises approximating 3.00% to 2.72% by 2028. In 2023, volume stood at an estimated 143.45 thousand kilograms. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 2.85%, reflecting a stable growth trajectory.
Future trends to watch include technological innovations in manufacturing processes, which could improve product efficiency and reduce costs, and global steel price fluctuations potentially impacting re-import volumes to Canada.
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