Forecast: Re-Import of Angles, Shapes and Sections of Iron or Non-Alloy Steel to Canada

In the forecast period from 2024 to 2028, the re-import of angles, shapes, and sections of iron or non-alloy steel to Canada is projected to decline significantly. Starting at $105.99 thousand in 2024, a steady decrease is observed each year, arriving at $65.09 thousand in 2028. This represents a consistent year-on-year reduction, with a cumulative annual growth rate (CAGR) indicating an average decline of approximately 12.18% per annum.

In 2023, the previous actual value had not been provided, yet this decline suggests a contraction in demand or shifts in domestic production and supply chain dynamics. Factors affecting future trends include:

• Global trade policies and tariffs impacting cost-efficiency.
• Technological advancements promoting alternative materials.
• Domestic policies favoring local industrial capabilities.