In 2023, the re-import of brewery machinery to Canada stood at a lower value compared to the forecasted figures for subsequent years. The forecast data indicates a consistent upward trend, with an annual increase from $266.43K in 2024 to $330.85K by 2028, reflecting a stable demand growth. The projected year-on-year growth rates suggest a steady expansion, averaging a competitive CAGR over the five-year forecast period.
Future trends to watch for include:
- Technological advancements in brewery machinery that could drive further re-imports.
- Changes in trade policies or tariffs that may impact cost structure and import activities.
- Growth in Canada's craft beer market, potentially increasing demand for specialized equipment.