In 2024, Canada's import of non-refractory mortars and concretes stands at 42.662 million USD. This figure is forecasted to grow steadily, reaching 47.143 million USD by 2028. The year-on-year increase reflects a positive growth trend, with annual variations consistently demonstrating an upward trend, driven by increased construction activities and infrastructure development.
The Compound Annual Growth Rate (CAGR) for this period indicates a steady growth rate, suggesting a robust demand for these materials in Canada's construction sector.
Future trends to watch for include advancements in construction technologies, potential economic shifts impacting construction demands, and changes in trade policies that could affect import tariffs or logistics efficiency.
