In 2023, the import value of refractory cements, mortars, and concretes (excluding graphite) to Canada was approximately 103.80 million USD. From 2024 to 2028, the forecasted values show a consistent upward trend, increasing from 105.84 million USD in 2024 to 113.63 million USD in 2028. The year-on-year growth rates are stable, reflecting a gradual increase in imports without significant fluctuations. Over this five-year period, the Compound Annual Growth Rate (CAGR) is approximately 1.82%, indicating moderate growth driven by steady demand and market stability.
Looking ahead, future trends to watch for include potential shifts in global supply chains, advancements in refractory materials technology, and changes in construction and manufacturing sectors. These factors could influence import dynamics, either by creating new opportunities for increased imports or by introducing challenges such as competition from alternative materials or domestic production capabilities.
