As of 2023, Canada imported approximately 9.7 million kilograms of chromium ores and concentrates. Forecasts indicate a steady decline in imports from 2024 through 2028, decreasing from 9.4233 million kilograms in 2024 to 8.1193 million kilograms in 2028. The year-on-year variation suggests a gradual reduction, with an average annual decrease of about 3%. The compound annual growth rate (CAGR) over these five years highlights this consistent downward trajectory.
Future trends to watch for include:
- Market demands for chromium and its alloys which could influence import volumes.
- Technological advancements in mining and refining, potentially impacting domestic production.
- Changes in international trade policies or supplier dynamics affecting import sources.
