The forecast for the import of refined copper and copper alloys to Canada shows a consistent upward trend from 2024 to 2028, with values increasing from 522.33 million USD in 2024 to 596.29 million USD in 2028. Between 2024 and 2025, the import value is expected to grow by approximately 3.64%, followed by an increase of about 3.45% in 2026, 3.27% in 2027, and 3.10% in 2028. This trend suggests a Compound Annual Growth Rate (CAGR) of around 3.36% from 2024 to 2028.
In 2023, Canada’s import of refined copper and copper alloys stood at roughly 503.41 million USD. Over the last two years, the increase in import value reflects an expanding demand for copper products likely driven by sectors such as construction, manufacturing, and electronics, which heavily utilize copper.
Future trends to watch for include technological advancements in copper recycling, shifts in global copper production, and any policy changes affecting trade. Additionally, monitoring the progress in renewable energy projects could influence copper demand since copper plays a crucial role in green technologies.
