In 2023, Canada re-imported 44 units of non-electric furnaces and ovens for heat-treating ores, pyrites, or metals. Forecasts for 2024 to 2028 suggest a steady annual increase of units re-imported to Canada, with values rising from 46 to 54 units. This reflects a compound annual growth rate (CAGR) of approximately 4.2% over five years. The year-on-year increases of around 4.35% indicate a consistent upward trend.
Future trends to watch for include potential technological advancements in furnace design, which might impact market demand, and changes in the global supply chain that could affect re-import levels. Additionally, economic factors influencing Canadian ore and metals industries could shift the demand for heat-treatment equipment.
