The forecast for the import of ash or residues containing mainly copper to Canada shows a declining trend from 2024 to 2028, with values dropping from $34.442 million in 2024 to $28.671 million in 2028. This represents a consistent decrease in value year-on-year. In 2023, the import value stood at approximately $36 million, indicating a downward trajectory over this period. Recent trends show a decline of approximately 4% annually on average from 2023 to 2024, with a compound annual growth rate (CAGR) approaching around -4% over the forecasted five-year period.
Future trends to watch for:
- Shifts in global copper prices which could influence import costs and volumes.
- Canada's domestic copper production and recycling efforts potentially reducing import dependence.
- Economic and trade policy changes affecting cross-border material flows and tariffs.
- Technological advancements in copper recovery from residues, potentially impacting import needs.
