In 2024, the import of spent fuel elements of nuclear reactors to Canada is forecasted at 165.79 thousand kilograms, increasing annually and reaching 197.7 thousand kilograms by 2028. This consistent growth indicates a stable rise in imports of about 5% yearly on average from the forecast starting point in 2024, reflecting increased demand or capacity related to nuclear energy. In comparison, the import value in 2023 stood lower than 2024, establishing 2024 as a year of growth.
- The year-on-year growth from 2024 to 2025 is approximately 4.96%.
- The year-on-year growth from 2025 to 2026 is approximately 4.63%.
- The year-on-year growth from 2026 to 2027 is approximately 4.34%.
- The year-on-year growth from 2027 to 2028 is approximately 4.08%.
- The compound annual growth rate (CAGR) from 2024 to 2028 is roughly 4.5%.
Future trends to watch include technological advancements in nuclear energy, policy changes impacting nuclear fuel handling, and emerging alternative energy sources that could influence the demand for nuclear fuel imports. Additionally, global political dynamics affecting distribution channels and the supply chain might also shape the future import landscape.
