The import of sheet or tile, asbestos, and cellulose fiber cement not corrugated to Canada is set to grow steadily over the coming years. In 2023, the actual import volume stood at 132.70 million kilograms. The forecasted data for 2024 indicates a moderate increase to 136.03 million kilograms, continuing an upward trend through to 2028 where it is projected to reach 149.35 million kilograms. The year-on-year percentage increase shows consistent growth as follows: 2.53% from 2024, 2.43% in 2025, 2.41% in 2026, and 2.24% in 2027 and 2028. The compound annual growth rate (CAGR) over this period is expected to be approximately 2.48%.
Future trends to watch for in this sector include the impact of environmental regulations on asbestos products, shifts in construction industry demands, and potential advancements in material alternatives. These could influence the importation dynamics significantly in Canada beyond the forecasted period.
