Silicon metal production in Canada stood at 22.26 thousand metric tons in 2023. The industry experienced a significant increase in 2014 by 150%, but since then, a downward trend has been observed, with slight year-on-year variations. Notably, from 2018 to 2023, the production decreased annually by approximately 1.61% on average. The recent trends show a continuous decline, with a 1.6% reduction from 2022 to 2023.
Forecasts for the period from 2024 to 2028 indicate a continued decline in production, with an estimated average annual decrease of 1.39%. The forecasted growth rate over this period is expected to be -6.78%, reflecting the ongoing downward trend.
Future trends to watch for:
- Technological advancements in production efficiency
- Changes in global demand for silicon metal
- Potential regulatory impacts and environmental policies
- Shifts in market dynamics due to new entrants or consolidations
