In 2023, the import of abrasive powder or grain on paper or paperboard support to Canada stood at an estimated value similar to earlier forecasts for 2024, suggesting modest growth. Examining the projected values from 2024 to 2028 shows a steady increase with a compound annual growth rate (CAGR) of about 0.53%. The year-on-year variation maintains a consistent upward trend, reflecting stable demand and possible macroeconomic stability.
Future trends to watch for include:
- Impact of technological developments in abrasive materials that might affect demand.
- Changes in Canadian construction and automotive sectors, major consumers of abrasive products, influencing import volumes.
- Global shifts in trade policies or tariffs affecting supply chains and pricing.