In 2023, the import value of inflatable rafts to Canada stood at an estimated 12.300 million US Dollars. Starting 2024, the forecast predicts a gradual decline in imports, reaching 12.043 million US Dollars by 2028. This indicates a consistent year-on-year decrease of approximately 0.4% over the five-year period, with a compound annual growth rate (CAGR) of -0.49% from 2024 to 2028.
Future trends to watch for include:
- Potential shifts in demand due to environmental changes or recreational trends.
- Changes in international trade policies affecting import costs or regulations.
- Advancements in local manufacturing capabilities which might reduce dependency on imports.