The forecast for the re-import of mica plates, sheets, and strips to Canada from 2024 to 2028 shows a gradual decline from $2.82 thousand in 2024 to $2.62 thousand in 2028. The year-on-year percentage decrease is consistent at approximately 1.77%. In 2023, the re-import value stood slightly higher, indicating this downward trend. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) reflects a modest -1.79% indicating a steady decrease in value.
Future trends to watch include potential shifts in manufacturing practices that may impact demand, global market prices of mica, and advancements in alternative materials that could substitute mica. Monitoring these factors will help anticipate changes in re-import trends for Canada.
