From 2024 to 2028, the forecast indicates a steady increase in the import of magnesium raspings and turnings size graded to Canada, rising from 28.839 million kilograms to 33.653 million kilograms. This represents a consistent year-on-year growth with a CAGR over the past five years reflecting a robust upward trend. Unfortunately, no data is available to provide the actual value or volume for 2023, but the forecast exemplifies a positive market trajectory.
Future trends to watch for:
- Advancements in magnesium recycling and processing technology that may impact demand.
- Changes in Canada's industrial needs and manufacturing capacity.
- Global trade policies and agreements affecting import volumes.