Forecast: Re-Import of Metal Permanent Magnets, Articles Intended as Magnets to Canada

From 2023, where re-imports of metal permanent magnets to Canada were at 145 thousand US dollars, a gradual increase is observed with figures projected to reach 174.32 thousand by 2028. This forecast suggests a consistent year-on-year growth, reaching approximately 3.85% annually. The Compound Annual Growth Rate (CAGR) over the five-year period shows a stable rise, reflecting steady demand and market conditions.

Future trends to watch for:

  • Technological advancements enhancing the efficiency and application of metal magnets.
  • Potential impacts of global trade agreements or tariffs affecting import costs and demands.
  • Shifts in industrial needs or innovations driving magnet usage across sectors.

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