The forecast for the value added of non-ferrous metal (except copper and aluminum) rolling, drawing, extruding, and alloying in Canada shows a consistent decline from 2024 to 2028. In 2023, the actual value stood at higher levels than the forecast for subsequent years. From 2024 to 2028, the value declines from CAD 193.57 million to CAD 145.24 million, indicating a decreasing trend. Year-on-year, this represents a steady decline, with the Compound Annual Growth Rate (CAGR) showing an average annual decrease over this period.
Future trends to watch include potential technological advancements in metal processing and recycling, changes in global demand for non-ferrous metals, and economic policies impacting the industry in Canada. These factors could influence the forecast and either mitigate or exacerbate the projected declines in value added.
