The re-import of ingot moulds and ladles used in metallurgy foundries to Canada has been steadily declining from 350 units in 2024 to an anticipated 76 units in 2028. This represents a significant decrease of 78.29% over the forecast period. In 2023, the actual import stood at a level not disclosed in the data provided here. The year-on-year decline highlights a concerning trend, with the most recent years showing a sharp decrease in imports. The compound annual growth rate (CAGR) over this period is a negative figure, reflecting the overall downward trajectory.
Future trends to watch for:
- Technological advancements in metallurgy may reduce the need for traditional ingot moulds and ladles, potentially influencing import needs.
- Economic policies or tariffs that could impact trade relationships or cost structures for imports.
- Environmental policies or regulations encouraging domestic production over imports.
