In 2023, the re-import value of monolithic integrated circuits, except digital, to Canada stood at 47.662 million USD. Forecasts indicate a decreasing trend from 45.926 million USD in 2024 to 39.512 million USD by 2028. The year-on-year decline is steady, with an average annual shrinkage of approximately 3-4%. This culminates in a five-year compound annual growth rate (CAGR) of around -3.5%. The consistent downturn raises concerns about declining demand or competitive pressures in the international market.
Future trends to watch include technological advancements that could alter product demand, potential trade policy changes impacting re-importation costs, and global economic factors influencing industry competitiveness and market dynamics.