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.