In 2023, Canada's import of nickel ores and concentrates stood at 49.204 million US dollars. The data shows a declining trend over the forecast period. In 2024, imports remain unchanged at 49.204 million US dollars. Year-on-year variations highlight a decline: -17.64% in 2025, -20.98% in 2026, -26.02% in 2027, and -34.49% in 2028. Looking at the Compound Annual Growth Rate (CAGR) over the five-year period leading into 2028, the average annual decrease in imports is significant.

Future trends to watch for:

Declining demand or increased domestic production of nickel ores and concentrates in Canada.
Potential shifts in global nickel ore supply chains and trade policies that could affect imports.
Technological advancements in nickel extraction or substitution that could influence import needs.
Economic conditions and industrial demand fluctuations impacting the overall trajectory.