The forecasted re-import value of bombs, grenades, mines, missiles, and ammunition to Canada shows a consistent decline from 2024 to 2028. In 2023, the actual re-import value was higher than the forecasted figures, indicating a downward trend. From 2024 to 2025, there is a notable decrease of 10.8%, followed by a 11.9% drop in 2026, 13.2% in 2027, and 14.9% in 2028. Over the five-year forecast period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) reflects a steady decline, averaging a negative trend annually.
Future trends to watch for:
- Potential changes in governmental and military policies influencing the demand for re-imported munitions.
- Technological advancements that could affect the need for re-importation of such goods.
- Geopolitical developments that may impact Canada's defense procurement strategy.
