As of 2023, actual nitric acid production in Canada stood at 897.17 thousand metric tons. The forecasted data from 2024 to 2028 indicates a steady increase, with production expected to reach 901.21 thousand metric tons by 2028. Year-on-year growth rates show slight annual increments, averaging a Compound Annual Growth Rate (CAGR) of approximately 0.22% over the five-year span.

Future trends to monitor include:

Technological advances in manufacturing that could enhance production efficiency.
Environmental regulations which may affect production capacities.
Global demand fluctuations, particularly from sectors like agriculture and explosives.