The forecast for re-import of tungsten (wolfram) powder to Canada from 2024 to 2028 shows a consistent year-on-year increase in volume, with increments ranging from 6.68% in 2024 to 5.25% in 2028. In 2023, the volume stood at 21.71 thousand kilograms. Over the five-year period, the compound annual growth rate (CAGR) is anticipated to be approximately 6.13%, indicating robust demand and a strong upward trend in tungsten powder re-imports.
Future trends to watch for include potential shifts in global tungsten demand, technological advancements in tungsten applications, and trade policy changes, which could significantly impact import volumes to Canada.
