Forecast: Import of Unwrought Copper Alloys to Canada

In 2023, Canada's import of unwrought copper alloys stood at approximately $2.5 million. The forecast from 2024 indicates a consistent decline in value, with a marked decrease from $2.3252 million in 2024 to $1.3509 million by 2028.

Year-on-year analysis shows a downward trend, with a substantial decrease of 11% between 2024 and 2025, and further declines across subsequent years. The compound annual growth rate (CAGR) over this five-year forecasted period is approximately -10%, highlighting a significant long-term contraction.

Future trends to watch for include:

  • Potential global supply chain disruptions affecting copper availability.
  • Fluctuations in global demand for copper due to the transition towards green technologies.
  • Economic policy shifts in Canada that might impact import dynamics.

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