In 2023, the import of zinc ores and concentrates to Canada was recorded at 0.993 billion USD. The forecast for 2024 is 1.022 billion USD, indicating a year-on-year increase of approximately 2.9%. Over the five-year period from 2024 to 2028, imports are expected to rise gradually, reaching 1.151 billion USD in 2028, with a Compound Annual Growth Rate (CAGR) of roughly 2.4%. This trend suggests a steady increase in demand, likely driven by industrial applications and economic growth.
Future trends to watch for include potential shifts in global demand, technological advancements in zinc usage, and changes in trade policies that could impact pricing or supply chain dynamics. Monitoring these factors will be critical for understanding the import landscape of zinc ores and concentrates in Canada.
