The forecast for imports of rowing boats, canoes, and pleasure boats, excluding sailboats, into Canada shows a steady upward trend from 2024 onwards, with values rising from $238.87 million USD in 2024 to $259.41 million USD by 2028. This represents a year-on-year growth between 2% and 2.5% from 2024 to 2028. Given these values, the compounded annual growth rate (CAGR) is approximately 2.1% over the forecast period.
As of 2023, the actual import value stood at $233.57 million USD, thus highlighting a consistent growth trend that is expected to persist. Key factors to watch for in the future include changes in consumer preferences toward recreational water activities, domestic production capabilities, and shifts in trade policies that may impact cost and availability.
