The forecasted import of Portland Cement, other than white cement, to Canada from 2024 to 2028 indicates a consistent downward trend. From 2024's value of $59.243 million USD, the import value decreases to $51.251 million USD by 2028. This represents a cumulative annual growth rate (CAGR) of approximately -3.6% over the five-year period. Year-on-year percentage changes highlight a steady decline: 2025 (-3.5%), 2026 (-3.5%), 2027 (-3.5%), and 2028 (-3.6%).
In 2023, the import values were higher, therefore the observed trend suggests weakening demand or increased domestic production could be influencing import values. Future trends to watch include:
- Potential shifts in domestic construction industry needs.
- Changes in trade policies or tariffs impacting import levels.
- Technological advancements affecting production and supply chains.
