In 2023, the re-import of non-refractory mortars and concretes to Canada stood at a certain level, forming a baseline for future projections. From 2024 to 2028, a consistent decline is forecasted, with values starting at $69.56 thousand in 2024 and diminishing to $59.74 thousand by 2028. The year-on-year decline averages around 3-4%, highlighting a steady downward trend. Over the last five years, the compound annual growth rate (CAGR) reflects a contraction of this market segment.
Future trends to watch for include changes in construction demand, technological advancements in recycling materials, and economic shifts that might influence import patterns. Monitoring these factors will be crucial for accurately predicting long-term market dynamics.
