The import of non-refractory mortars and concretes to Canada showed significant fluctuations over the reviewed period. From 2013 to 2019, the volume saw notable growth in 2015, spiking by 19.15%, but experienced sharp declines in 2017 and 2020 by 28.18% and 15.5%, respectively. However, from 2021 onwards, the import volumes started stabilizing, with modest growth of 5.53% in 2022 and a minor increase of 0.25% in 2023, reaching 45.91 million kilograms in 2023. The Compound Annual Growth Rate (CAGR) over the last five years leading to 2023 was a moderate 0.45%.
Looking ahead, forecast data indicate that the import volume will maintain a steady, albeit slow, growth trajectory, with a forecasted 5-year CAGR of 0.22%, reaching 46.37 million kilograms by 2028. This suggests a stabilization in import volumes with an average growth rate of 1.08% over the next five years.
Future trends to watch for include the impact of economic conditions on construction demand, advancements in local production capabilities, and potential changes in trade policies that could affect import patterns. Monitoring these factors will be crucial for predicting and adapting to shifts in the import market for non-refractory mortars and concretes in Canada.
