The import of non-electrical articles of graphite or other carbon to Canada is expected to rise steadily from $110.37 million in 2024 to $123.77 million in 2028. This indicates a consistent growth reflecting a positive demand trajectory. In 2023, the imports were recorded at $107.03 million, establishing a basis for comparison. The year-on-year growth rates from 2024 onward demonstrate an upward trend, with an average annual increase of approximately 3.7% over the five-year forecast period, boosting the imports steadily.
Future trends to watch for include technological advancements in material applications and any regulatory changes impacting trade. Additionally, shifts in global demand and supply chain efficiencies will play crucial roles in shaping the import dynamics of these materials.
