The added value of non-ferrous metal foundries in Canada is projected to decrease steadily from 2024 to 2028, starting at CAD 824.85 million in 2024. This represents a consistent year-on-year decline of approximately 1.67% annually from 2025 to 2028, compared to the previous year's values. The compound annual growth rate (CAGR) over this period is negative, indicating a downward trend, following a similar trajectory from 2023 where the value stood slightly above 830 million CAD. This suggests industry challenges, possibly due to market shifts or decreasing demand.

Future trends to watch for include:

Technological advancements and their impact on production efficiency.
Environmental regulations influencing material sourcing and processing.
Global economic factors affecting commodity prices and trade policies.
Potential shifts in key industries that rely on non-ferrous metals, such as automotive and construction.