Based on the forecast, the import value of copper plates, sheets, and strips to Canada is expected to decline steadily from 2024 to 2028, with values projected to decrease from $82.548 million in 2024 to $74.832 million in 2028. This reflects a continuing trend of diminishing imports in this segment.

The percentage change year-on-year indicates a consistent decline in the import value over these years. Compared to 2023 levels, this indicates a downward trajectory for the market. Calculated over the forecast period from 2024 through 2028, the average annual change compounds to a decline, signifying a challenging market environment.

Future trends to watch for include:

Potential disruptions due to global copper supply chain issues.
Shifts in Canadian industry demands, affecting import needs.
Emerging substitutes and materials technology potentially influencing copper demand.
Regulatory changes impacting international trade and tariffs.