The import of precious metal ores and concentrates to Canada has experienced significant fluctuations over the past decade. In 2023, the import value stood at 186.63 million USD. Notable trends include a sharp increase in 2016 and 2017, followed by a substantial decline in 2018 and 2019. The last two years showed minor variations with 2022 at -4.95% and 2023 at -0.19%. The average annual growth rate (CAGR) over the last five years stands at -4.29%.
Looking ahead, the forecast for 2024 and beyond shows a stabilization in the import value of precious metal ores and concentrates, with minimal year-on-year variation and a five-year CAGR of -0.05%.
- Import value forecasted at approximately 186 million USD in 2028.
- Forecasted five-year growth rate indicates a minor overall decline of -0.25%.
Future trends to watch for include global economic conditions, commodity prices, and trade policies, which could significantly impact Canada's import levels of these materials.
