Key Market Indicators
Canada's computer hardware export market is projected to decline to approximately $219 million by 2028, down from around $253 million in 2023. This marks an average annual decrease of 2.3%. Historical data reveals that since 1994, the country's supply in this sector has consistently diminished at an annual rate of 2.5%. On the import side, Canada's computer hardware market is expected to grow, reaching roughly $1.79 billion by 2028, up from about $1.68 billion in 2023. This represents a compound annual growth rate (CAGR) of 0.9%. Since 1994, Canadian demand for computer hardware has risen steadily by 1.3% per year. This contrasting trend between exports and imports highlights a shifting landscape in Canada's computer hardware industry, reflecting broader economic and technological dynamics at play.
