Forecast: Import of Natural Bitumen and Asphalt to Canada

The forecast for the import of natural bitumen and asphalt to Canada shows a steady increase from 2024 to 2028. In 2023, the actual import value stood at 79.417 million USD. The data indicates year-on-year growth, with an average annual increase of around 0.44% from 2024 to 2028. This trend suggests a moderate but consistent rise in import values over the forecast period.

Future trends to watch for include:

  • Potential shifts in global supply chain dynamics influencing costs and supply.
  • Changes in Canadian infrastructure demands or regulations impacting import volumes.
  • The role of technological advances in both extraction and transportation affecting the market.

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