The import of ferro-alloys to Canada has shown fluctuation over the years. In 2013, the value was significantly lower compared to 2014, which saw a peak with an 18.46% increase. The period from 2015 to 2017 demonstrated variability, with notable drops in 2015 and 2016, followed by a sharp rise in 2017. Consistent growth was seen from 2018 onwards, with 2023 imports standing at approximately 413.9 million USD. Over the past five years, the compound annual growth rate (CAGR) is relatively stable at around 1.13%, reflecting steady but modest growth.
Looking ahead, the forecast suggests steady growth in ferro-alloy imports, with an expected increase of approximately 5.8% over the next five years, reaching around 444.68 million USD by 2028. Factors influencing this trend include global economic conditions, trade policies, and demand from Canadian industries reliant on ferro-alloys. Monitoring these variables will be crucial in understanding future import dynamics.
