In 2023, the import of tin bars, rods, profiles, and wire to Canada was recorded at approximately 2.6 million USD. From 2024 onwards, forecasts indicate a consistent decline in import values, dropping to 1.7383 million USD by 2028. The year-on-year variations show a descending trend, with notable annual decreases: -7.25% in 2025, -7.68% in 2026, -8.14% in 2027, and -8.68% in 2028. The compound annual growth rate (CAGR) over these five years signals a downward trend of approximately -8.01%.
Future trends to watch:
- Impact of global supply chain shifts on the tin market.
- Technological advancements and alternative materials reducing demand.
- Potential changes in trade policies affecting import structures.
- Economic conditions influencing market demand and competitiveness.
