In 2023, the re-import of copper screws and bolts to Canada stood below the forecasted value for 2024 of 59.59 thousand USD. The forecast for 2024 to 2028 shows a consistent upward trend in value with yearly increases: 4.6% in 2025, 4.3% in 2026, 4.0% in 2027, and 3.8% in 2028. The Compound Annual Growth Rate (CAGR) over this period is projected to be 4.2%.
Future trends to watch for include:
- Potential impact of global copper prices on import values.
- Shifts in Canadian manufacturing demand that could affect re-import levels.
- Economic factors influencing the overall import-export balance in Canada.