In 2023, the import of woven products of iron or steel, except stainless steel, to Canada stood at approximately 10 million USD. The forecast from 2024 through 2028 indicates a gradual decline in import value, starting from 9.8977 million USD to 9.0593 million USD. This trend shows an average annual decrease of around 1.74% (CAGR) over the five-year period.
Future trends to watch for include potential shifts in trade policies, fluctuations in global steel prices, and evolving demand for construction and manufacturing in Canada, which could influence the import volumes further.
Key factors for consideration include:
- Changes in Canadian infrastructure projects requiring steel products.
- Potential rise in domestic steel production capabilities.
