The re-import of cored wire of base metal for electric arc-welding to Canada in 2023 stood at 17.86 thousand kilograms. Looking ahead, forecasted figures indicate a gradual decline in re-import volumes: a decrease from 17.46 thousand kilograms in 2024 to 15.92 thousand kilograms in 2028, reflecting a steady year-on-year decline of approximately 2.6% on average. The Compound Annual Growth Rate (CAGR) for the period 2024 to 2028 suggests an average decrease of about 2.3% per year.

Future trends to watch for include:

Potential shifts in global trade policies impacting import patterns.
Technological advancements reducing the need for re-imports.
Market demand fluctuations driven by innovations in electric arc-welding techniques.