The re-import volume of flat-rolled iron or non-alloy steel, painted, varnished, or coated with plastics with a width of 600 mm or more to Canada is forecasted to steadily increase from 5.47 million kilograms in 2024 to 6.35 million kilograms in 2028. This suggests a consistent annual growth rate over the five-year period, indicating robust market demand.
A year-on-year analysis reveals steady growth, with increases of approximately 4.2% each year. The compound annual growth rate (CAGR) over the period is projected at around 3.8%. Prior to the forecasted period, the volume in 2023 was recorded at 5.3 million kilograms, establishing an upward trend.
Future trends to watch include potential influences of trade policies, technological advancements in materials, and shifts in demand within domestic and international markets. Monitoring these factors will provide better insights into future market fluctuations and opportunities.
