The opening inventories of Copper Rolling, Drawing, Extruding, and Alloying in Canada have shown significant fluctuation over the past decade. Starting from $71.89 million CAD in 2013, the values witnessed notable ups and downs. The lowest point was in 2016 with $43.65 million CAD, followed by a steady increase from 2017 onwards. As of 2023, the value stood at $119.28 million CAD, marking a 7.97% year-on-year increase from 2022. The past two years saw average growth rates (CAGR) of 5.34% per year, while the last five years reflected a broader CAGR of 4.82%.
Looking forward, from 2024 to 2028, the forecasted period is anticipated to continue this upward trajectory, reaching $161.98 million CAD by 2028, with a forecasted 5-year growth rate of 26.56%. Future trends to watch for include global demand fluctuations, technological advancements in production efficiency, and shifts in the automotive and construction industries that heavily utilize copper alloys.
