The re-import of granules of pig iron or spiegeleisen to Canada is forecast to grow steadily from 2024 to 2028, reaching a value of 15.23 Thousand US Dollars by 2028. In 2023, actual imports were recorded at 14.5 Thousand US Dollars. The year-on-year growth from 2024 to 2028 shows a consistent increase of approximately 1% per year. The compound annual growth rate over the five-year forecast period is expected to be around 1% as well.
Future trends to watch for include potential fluctuations driven by the global demand for pig iron and iron-related products, changes in trade agreements, and Canada's domestic steel industry performance, which may affect import levels.
