The forecasted import of worked mica and articles of mica to Canada shows a steady downward trend from 2024 to 2028, starting at 3.7032 million USD and decreasing to 2.8312 million USD. In 2023, actual imports stood at 3.87 million USD. Year-on-year percentage variations indicate consistent declines, averaging around 5% annually. The Compound Annual Growth Rate (CAGR) over the forecasted period is approximately -6%.
Future trends to watch for include potential shifts in Canada's energy sector and electronics manufacturing, which could influence mica demand. Additionally, global trade policies and environmental regulations may impact import patterns in the years to come.
