In 2023, the import volume of red lead and orange lead to Canada was recorded at approximately 704.5 thousand kilograms. The forecast for 2024 marks a decline to 641.57 thousand kilograms, which represents a year-on-year decrease of 8.9%. This downward trajectory continues over the subsequent years: 12.6% in 2025, 14.1% in 2026, 16.1% in 2027, and 18.8% in 2028.

The five-year compound annual growth rate (CAGR) for the period from 2024 to 2028 indicates an average annual decrease of 12.9% in the import volumes of red lead and orange lead.

Future trends to watch for include:

Potential shifts in environmental policies impacting the demand for environmentally harmful substances like lead-based products.
Technological advancements in alternative materials that may replace traditional red and orange lead applications.
Global market fluctuations affecting international trade agreements and costs, potentially altering import dynamics.