In 2023, Canada imported a substantially higher volume of uranium ores and concentrates compared to the forecasted decline through 2028. The forecast demonstrates a slight annual decrease from 2024 to 2028 in import volumes, with values decreasing year-on-year by approximately 0.89%. This translates into a compound annual growth rate (CAGR) of -0.89% over the forecast period.
Future trends to watch for include geopolitical factors affecting uranium supply chains, global demand shifts related to nuclear energy policy, and advancements in uranium extraction technology within Canada that might impact import needs.
- Year-on-year variation: Approximately -0.89%
- CAGR (2024-2028): -0.89%
