In 2023, Canada's imports of Aluminium Bars, Rods, and Profiles were valued at 418.8 million USD. The forecast suggests a continuous increase in imports from 2024 onwards, reaching 461.9 million USD by 2028. The year-on-year growth reflects a steady increase: 2.14% from 2024 to 2025, 2.05% from 2025 to 2026, 1.97% from 2026 to 2027, and 1.89% from 2027 to 2028. The average compound annual growth rate (CAGR) projected over the period from 2024 to 2028 is approximately 1.97%.
Future trends to watch for include:
- Potential impact of trade policies and tariffs.
- Demand shifts due to technological advancements and sustainability initiatives.
- Macroeconomic conditions affecting industrial and construction activities in Canada.