The forecast for Canada's import of non-carbide rock drilling or earth boring tools shows a consistent downward trend from 2024 to 2028. Starting at 122.01 million USD in 2024, the value is projected to decrease steadily each year, reaching 108.31 million USD by 2028. This reflects an average annual decline over the five-year period, indicative of changing market dynamics or technological advancements impacting the demand. Specifically, the year-on-year variation indicates a shrinking market size, though precise percentage changes are not illustrated in this dataset.

Future trends to watch for:

Technological innovations in boring tools that could either reduce the need for imports or introduce new demand.
Changes in Canadian regulatory policies or economic conditions that could impact import levels.
Global supply chain shifts, especially regarding raw materials for these tools, could affect pricing and import volumes.