Forecasts for the import of tubes, pipes, and hollow profiles of cast iron to Canada from 2024 to 2028 show a downward trend. In 2023, the imports stood at 20.5 million USD. The projected values indicate a continual decrease, ending at 13.091 million USD by 2028. The forecasted year-on-year decrease is notably steady, averaging about 7% annually over these years. The compound average growth rate (CAGR) over this five-year period is negative, reinforcing the declining trend.
Looking ahead, future trends to monitor include:
- Economic and construction sector growth in Canada, influencing demand.
- Technological advancements potentially reducing dependency on imports.
- Global trade policies impacting cost and supply chain efficiencies.
