The import of Aluminium Oxide, Hydroxide, and Artificial Corundum to Canada has experienced fluctuations over the past decade. From 2013 to 2023, it saw significant variations with an increase in some years and declines in others. In 2023, the import value stood at 1.768 Billion US Dollars, reflecting a 1.76% year-on-year increase from 2022. Over the last two years, imports grew modestly, while the Compound Annual Growth Rate (CAGR) from 2019 to 2023 remained slightly negative at -3.19%. Looking ahead, the forecasted data from 2024 to 2028 suggests a steady increase, with an average annual CAGR of 1.27%, and a five-year growth rate of 6.51%.
Future trends to watch for include potential global supply chain disruptions, shifts in demand due to technological advancements, sustainability considerations, and trade policy changes that could impact the import patterns of these materials. As the world moves towards a greener economy, the demand for aluminium and its derivatives may rise, potentially influencing import values positively.
