The share of metals in Canada’s Total Domestic Material Consumption is forecasted to slightly decline from 9.88% in 2024 to 9.45% in 2028. Comparing previous years' data, the actual value stood higher than 9.88% in 2023. Each year reflects a slight negative year-on-year variation, indicating a downward trend in the proportion of metals consumed domestically relative to total material consumption. Over the last five years, the compound annual growth rate (CAGR) reveals a continuous slight decline averaging per year.
Future trends to watch for include shifts in industry demand driven by technological advancements and sustainability initiatives, which may alter the consumption patterns of metals in Canada.
