In 2023, the import value of flat rolled iron or non-alloy steel that is painted, varnished, or coated with plastics, with a width of less than 600 mm, to Canada was at an actual level preceding the forecast presented. From 2024 to 2028, the import value shows a year-on-year increase from $24.456 million to $25.175 million. This reflects a steady upward trend with a Compound Annual Growth Rate (CAGR) over these five years, suggesting moderate but consistent growth.
Future trends to watch for:
- Changes in global steel prices and demand could impact import values significantly.
- Trade policies, including tariffs and duties, might alter cost structures and import levels.
- Technological advancements in coating materials may drive changes in product specifications and preferences.
- Environmental regulations could influence shifts towards environmentally friendly alternatives.