The forecast for Canada's import of fluorspar containing more than 97% calcium fluoride indicates a declining trend from 2024 to 2028. In 2023, the actual import value stood at approximately 12 million US dollars, serving as a reference point. The year-on-year variation reveals a consistent decrease, with each subsequent year's import value lower than the previous. This trend results in a compound annual growth rate (CAGR) reflecting a gradual reduction in imports over this five-year period.
Future trends to watch for include:
- Potential changes in global trade policies that may affect import duties and tariffs.
- Shifts in demand for fluorspar due to advancements in technology or material substitutions in industries using fluorspar.
- Fluctuations in global fluorspar supply due to geopolitical tensions or mining regulations.