The value added of the alumina and aluminum production and processing sector in Canada peaked at 4.41 billion CAD in 2018 before experiencing a gradual decline. By 2023, the sector’s value stood at 3.5075 billion CAD. From 2013 to 2023, the industry saw variable year-on-year changes, peaking with a 16.87% increase in 2015. However, in the last two years before 2023, there were consecutive declines around -2%. The 5-year CAGR from 2018 to 2023 indicated an average annual decrease of -4.47%. Future trends over the next five years forecast a further decline, with a projected 5-year CAGR of -1.67%, totaling a reduction of -8.07% by 2028.

Future trends to watch for:

Technological advances in production efficiency and sustainability.
Changes in global demand for aluminum, particularly from emerging markets.
Potential environmental regulations affecting production processes.
Investment in and development of recycling capabilities to meet the growing demand for sustainable materials.