In 2023, Canada re-imported 310.00 thousand kilograms of aluminium wire exceeding a thickness of 7 mm. From 2024 to 2028, the forecast indicates a steady growth, reaching 400.13 thousand kilograms by 2028.
Year-on-year growth is as follows:
- 2024: 4.9%
- 2025: 5.9%
- 2026: 5.5%
- 2027: 5.1%
- 2028: 4.8%
The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is approximately 5.3%.
Looking ahead, potential influencing factors include changes in global aluminium prices, advancements in recycling technology, and shifts in trade policies. Monitoring these trends will be crucial for anticipating fluctuations in the re-importation of aluminium wire above 7 mm thickness to Canada.
