The import of copper ores and concentrates to Canada saw fluctuations from 2013 to 2023, starting at $301.54 million in 2013 and reaching $467.24 million in 2023. The recent years showcased moderate growth with 1.52% in 2022 and 1.47% in 2023, revealing a stabilization after significant past volatility. The Compound Annual Growth Rate (CAGR) of 8.48% over the past five years indicates robust growth during this period.
Future forecasts suggest a continuation of this growth trend, albeit at a tempered pace, with a 5-year CAGR of 1.15% projected up to 2028, culminating in an expected import value of $502.62 million. Key trends to watch include the potential for price fluctuations driven by global supply chains and the increasing demand for copper in renewable energy technologies, which might impact import volumes and values.
