The import of vermiculite, perlite, and chlorites to Canada is expected to increase steadily from 2024 to 2028. Starting at $10.971 million in 2024, it is projected to rise to $11.349 million by 2028. These figures represent a positive growth trend, with year-on-year increases ranging from approximately 0.9% to 1.0%. In 2023, the import value stood at $10.874 million, highlighting a continuous upward trajectory in demand. Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) signifies an average annual increase of roughly 0.9%.
Future trends to watch for include the potential impact of technological advancements in construction and agriculture—industries that heavily use these minerals—on import volumes. Moreover, sustainability trends could stimulate demand for eco-friendly applications of vermiculite and perlite, further influencing import patterns.
