The import of tungsten ores and concentrates to Canada is projected to decline steadily from 2024 to 2028, with values decreasing from 53.81 to 40.69 thousand US dollars. This represents a consistent downward trend with an average annual decrease (CAGR) over five years. In 2023, the value stood significantly higher than projected for the coming years, indicative of a market contraction.

Future trends to watch for include:

Potential market diversification and identification of alternative suppliers or sourcing strategies.
Technological developments that could influence demand for tungsten-related products.
Changes in trade policies or economic conditions that could affect import dynamics.