The import of carbon and graphite furnace electrodes to Canada is forecasted to grow steadily from 2024 to 2028. In 2023, the imports stood at 259.00 million USD. This indicates a progressive increase, with a year-on-year growth of approximately 4.3% from 2024 to 2025, and about 4% in subsequent years. The compound annual growth rate (CAGR) over this period is projected to be around 3.6%. This reflects a consistent upward trend driven by increased industrial activities and demand for steel and other alloy productions requiring such electrodes.
Future trends to watch for include:
- Technological advancements in electrode production.
- Changes in trade policies affecting imports.
- Fluctuations in the raw material prices influencing overall costs.
- Environmental regulations impacting the carbon electrode industry.
