Forecast: Re-Import of Alloy Steel Pipe or Tubing, Except Cold Rolled to Canada

In 2023, Canada’s re-import of alloy steel pipe or tubing (except cold rolled) stood at 12.96 thousand kilograms. The forecast from 2024 to 2028 shows a continuous decline, with a compound annual growth rate (CAGR) of around -22.77%. This indicates a decreasing trend, with significant year-on-year percentage declines: 16.94% in 2024, 16.92% in 2025, 19.95% in 2026, 24.49% in 2027, and 31.82% in 2028.

Future trends to watch for include:

• Potential increases in domestic production reducing the need for re-imports.
• Changes in international trade policies affecting import behaviors.
• Technological advancements in alternative materials or production methods.