In 2023, the re-import value of bar, rod, profiles of copper-zinc base alloys to Canada stood at a level slightly lower than the forecasted $60.9 thousand USD for 2024. Forecasts indicate a steady growth in value, with expected annual increases of approximately 5.8% in 2025, 5.4% in 2026, 5.0% in 2027, and 4.7% in 2028. Over the five-year span from 2024 to 2028, the projected compound annual growth rate (CAGR) stands at roughly 5.23%.
Future trends to watch for:
- Potential impacts of global supply chain disruptions on import values.
- Influence of trade policies and tariffs on cross-border copper-zinc alloy trade.
- Technological advancements in manufacturing affecting domestic demand.
- Environmental regulations impacting production and importation processes.