Key Market Indicators
Canadian aerospace imports are projected to climb to nearly $16.6 billion by 2028, up from approximately $14.8 billion in 2023. This marks an average annual growth rate of 1.8%. Since 1993, the demand for aerospace imports in Canada has been increasing at an annual rate of 2.6%. Despite this steady growth, Canada was ranked fourth in global aerospace imports in 2023. In the same year, Ireland surpassed Canada with imports valued at $14.8 billion. Singapore, Ireland, and Canada took the second, third, and fourth spots respectively in the global rankings for aerospace imports.
