The import of asphalt or similar material articles in rolls to Canada is forecasted to increase steadily from 2024 to 2028, showing a consistent growth pattern. Starting from a value of $61.828 million in 2024, the imports are expected to rise annually, reaching $65.654 million by 2028. This reflects a stable year-on-year increase, averaging around 1.6% over this period.
In 2023, the actual imports were slightly lower, setting a foundation for gradual growth. The last two years have shown this upward trend, and the five-year compound annual growth rate (CAGR) further confirms this as it hints at a similar annual growth pace.
Future trends to watch for include potential changes in construction demand, global asphalt supply chain disruptions, and trade policy adjustments, which may affect the forecasted growth. Monitoring economic conditions and infrastructure development plans will be crucial in anticipating shifts in import levels.
