The forecast for the import of lead ores and concentrates into Canada shows a steady increase from 129.69 million kilograms in 2024 to 138.47 million kilograms by 2028. This reflects a year-on-year growth of approximately 1.75% in 2025, 1.68% in 2026, 1.62% in 2027, and 1.56% in 2028, indicating a gradual but consistent rise. The compound annual growth rate (CAGR) over the five-year forecast is around 1.62%.
Future trends to watch for:
- Global demand for lead in battery production, which could influence Canada's import needs.
- Environmental regulations impacting the sourcing and refining of lead ores.
- Technological advances in lead recycling and substitute materials.
- Geopolitical factors affecting trade routes and supply stability.