In 2023, Canada's import of silver oxide primary cells and batteries stood at approximately $1.43 million USD. The forecast from 2024 to 2028 indicates a steady decline in import values, from $1.3519 million USD in 2024 to $1.0344 million USD in 2028. This represents a consistent year-on-year decrease, with substantial reductions each year, such as an approximately 6% drop from 2024 to 2025. Over the five years, the compound annual growth rate (CAGR) is expected to be approximately -5%.
Future trends to watch for:
- Technological advancements in battery alternatives could impact demand.
- Shifts in global trade policies and environmental regulations may alter import dynamics.
- Potential increased local production of silver oxide cells might affect import reliance.
