In 2023, the re-import value of quartz to Canada stood at an estimated level before experiencing a successive decline each year through 2028, beginning with 1.49 thousand US dollars in 2024 to 0.84033 thousand US dollars in 2028. The decline throughout this period is consistent, with notable year-on-year decreases. The compounded annual growth rate (CAGR) over these five years is negative, indicating a significant downward trend in re-import activity.
Future trends to watch for:
- Impact of global market fluctuations on Canada's import needs and sourcing strategies for quartz.
- Technological advancements or regulatory changes that might affect the supply chain dynamics of quartz importation.
- Environmental and sustainability trends that could drive changes in material sourcing and re-import practices.