The import of plate, sheet, and strip of refined copper in coils to Canada is projected to decline steadily from 2024 to 2028 in value terms. In 2023, the import value stood at approximately 22.2 million USD. The trend from 2024 to 2028 indicates a consistent decrease, with a year-on-year decline averaging around 1.7%. The compound annual growth rate (CAGR) over this five-year forecast period is anticipated to be negative, reflecting an overall downturn in this segment.

For future trends, several factors should be observed:

Global economic conditions and their effect on demand for copper-intensive industries.
Potential shifts towards sustainable materials and technologies affecting copper usage.
Fluctuations in global copper prices impacting import costs and consumption.