The re-import of mica plates, sheets, and strips to Canada shows a consistent upward trend from 2024 through 2028, with forecasts predicting an increase from 120.69 kilograms in 2024 to 134.11 kilograms in 2028. This equates to an average annual growth rate (CAGR) of approximately 2.6% over the five-year period. For context, in 2023, the total was slightly below 120 kilograms.
Future trends to watch include:
- Potential shifts in global demand for mica which could affect Canada's re-import levels.
- Environmental regulations impacting mica mining that might spur supply chain adjustments.
- Technological advancements in its applications, particularly in the electronics and renewable energy sectors, potentially increasing demand.
