In 2024, the forecast for re-importation of reciprocating spark ignition engines of cylinder capacity exceeding 1000 cc to Canada begins at 36.44 thousand units, a rise from the known value of 34 thousand units in 2023. Over the years 2025 to 2028, the import value shows a consistent increase, marking year-on-year growth of approximately 6% annually from 2024 to 2025, decreasing slightly in subsequent years to around 4.8% by 2028, reflecting a growing demand and stabilization in import growth. The Compound Annual Growth Rate (CAGR) for the period overall is projected at around 5.3%.
Future trends to watch for include:
- Changes in Canada's automotive manufacturing and regulation policies that may affect import demand.
- Technological advancements in engine designs influencing re-importation due to preference shifts.
- Global trade dynamics and economic conditions impacting overall import-export flows.
