The forecast for the import of natural fluorine minerals to Canada shows a consistent decrease from 2024 to 2028, moving from $17.87 million in 2024 to $16.358 million in 2028. In 2023, the import value stood at $18.24 million. The year-on-year variations show a steady decline, with a compound annual growth rate (CAGR) indicating a negative trend over the five years, signifying decreasing import demand.
Future trends to watch for:
- Global market fluctuations affecting pricing and supply of natural fluorine minerals.
- Potential shifts in Canada's industrial demand for fluorine minerals due to technological advancements or policy changes.
- Impact of alternative resources or substitutes on the demand for natural fluorine minerals in Canada.