The forecast for Canada's import of hydrogen, rare gases, and non-metals indicates a steady increase from 2024 to 2028, with values rising from $118.03 million in 2024 to $121.67 million in 2028. In 2023, the actual import value was $117.12 million. The year-on-year growth rates are consistent, suggesting stability in demand. The Compound Annual Growth Rate (CAGR) between 2024 and 2028 is approximately 0.76%, indicating a modest but steady growth trend.
Future trends to watch for include technological advancements in hydrogen production and applications, potential shifts in trade policies, and Canada's commitment to sustainable energy sources, which could impact import dynamics positively.
