From 2013 to 2019, the expenses in Computer and Electronic Product Manufacturing in Canada generally increased, with notable peaks in 2018 and 2019. Post-2019, a decline set in, partly attributed to the impact of global disruptions, including the pandemic. By 2023, the value stands at 13.994 Billion CAD with a gradual decline projected up to 2028. An annual average decrease (CAGR for 2023-2028) of 1.34% is expected.
Recent years show a negative trend: - 2022: -1.62% - 2023: -1.63% - Forecast 2028: -6.51%
Future trends to watch include technological advancements influencing production efficiency and potential global supply chain disruptions affecting costs. Monitoring economic policies and geopolitical factors will also be crucial.
