Based on the data provided:
- 2024: $24.298 million
- 2025: $24.384 million (Year-on-Year increase: 0.35%)
- 2026: $24.468 million (Year-on-Year increase: 0.35%)
- 2027: $24.551 million (Year-on-Year increase: 0.34%)
- 2028: $24.632 million (Year-on-Year increase: 0.33%)
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 0.34%, indicating a very stable and slight increase over this period.
Future trends to watch include potential shifts in global supply chains, changes in Canada's industrial demand, and technological advancements in iron oxide and hydroxide production that could impact import levels. Environmental regulations and trade policies will also be key factors influencing future trends.