In 2023, Canada's import of pure aluminium rectangular plate, sheet, and strip stood at approximately 45.3 million USD. From 2024 to 2028, a gradual decline is forecasted, with values decreasing from 44.727 million USD in 2024 to 42.52 million USD in 2028. The year-on-year variation shows a consistent pattern of decline of around 1.6%. The compound annual growth rate (CAGR) over this period is negative as well, indicating an average annual downward trend.
Future trends to watch for include:
- Potential impacts of trade policies affecting aluminium imports.
- Shifts in global aluminium prices influencing import levels.
- Technological developments in domestic production potentially reducing reliance on imports.
- Environmental regulations that could alter industrial demand patterns.
