In 2023, the import of natural gas in gaseous state to Canada was valued at 2.1268 billion US dollars. The forecasted data for 2024 to 2028 indicates a gradual year-on-year decline in import value, with a compound annual growth rate (CAGR) reflecting a steady annual decrease. Specifically, the annual decline rate is around 1.4% over these five years, signaling a consistent decrease in import reliance or shifts in domestic gas usage or production.
Future trends to watch include potential policy changes around energy self-sufficiency, advancements in domestic natural gas production technologies, and global market fluctuations. Economic factors and climate policies may also significantly influence imports.
