In 2023, Canada's imports of iron or steel wool, pot scourers, and similar products stood at approximately 5.118 million USD. The forecast data suggests a steady decline over the next five years, starting from 5.0028 million USD in 2024 to 4.5442 million USD by 2028. The year-on-year percentage change illustrates a downward trend, with decreases ranging from 2.36% to 2.41%, resulting in a five-year compound annual growth rate (CAGR) of -2.38%.
Future trends to watch for include:
- Changing consumer preferences towards eco-friendly alternatives could further impact imports.
- Fluctuating raw material prices might influence import costs and volumes.
- Potential trade policy changes, particularly regarding tariff adjustments, could affect import dynamics.