In 2024, the import volume of plate, sheet, and strip of refined copper in coils to Canada is forecasted at 2.4441 million kilograms, continuing a downward trend from 2023 levels. This trend is projected to persist with a decline in volume, reaching 2.02 million kilograms by 2028. The forecasted year-on-year reduction reflects an industry shift towards sourcing efficiency or alternative materials.
Future trends to monitor include:
- Fluctuations in copper prices influencing import volumes.
- Advancements in alternative materials reducing copper dependency.
- Domestic production changes impacting import needs.
- Regulatory policies affecting copper trade flows.
