The forecast for aluminium chloride imports to Canada from 2024 to 2028 shows a significant projected decline. In 2023, the actual import value stood at a higher level compared to the projection for 2024. The year-on-year variations indicate a continuing downward trend: a decrease in import volumes of approximately 24% in 2025, 32% in 2026, 47% in 2027, and a substantial drop of around 85% anticipated in 2028. Over this five-year span, the compound annual growth rate (CAGR) suggests an average annual decrease of approximately 52%.
Future trends to watch for include:
- Potential shifts in global supply chains affecting availability and pricing.
- Economic and regulatory changes influencing Canada's import needs and industrial demand for aluminium chloride.
- Technological advancements that might alter production methods or substitute materials.
- Environmental policies that could impact both supply and demand sides of the market.
