In 2023, Canada imported an approximate amount of copper cathodes and sections of cathodes unwrought standing at a certain level preceding the forecast. The forecast for 2024 to 2028 indicates a steady increase in imports, with values rising from 77.616 million kilograms in 2024 to 89.874 million kilograms in 2028. Year-on-year percentage increases are about 4% from 2024 to 2025, and slightly above 3.8% from 2025 onwards. The five-year compound annual growth rate (CAGR) reflects a consistent upward trend driven by factors such as demand in the construction and manufacturing sectors.
Future trends to watch for:
- Global copper price fluctuations and their impact on import volumes.
- Technological advancements in recycling and domestic production.
- Changes in trade policies that may affect import dynamics.
- Shift towards sustainable and eco-friendly supply chains in Canada.
