In 2023, the re-import of zinc plates, sheets, strip, and foil to Canada stood at a higher level than the 2024 forecast. From 2024 to 2028, we observe a steady decline in volume, dropping from 17.05 thousand kilograms to 13.75 thousand kilograms. This reflects a compound annual growth rate (CAGR) showing a consistent reduction year-on-year. The trend illustrates a clear downward trajectory, suggesting reduced demand or increased domestic supply capabilities.
Future trends to watch for:
- Technological advancements in zinc material efficiency.
- Changes in trade policies affecting importation costs or restrictions.
- Fluctuations in domestic production capacity and demand dynamics.
