In 2023, the re-import value of self-propelled boring or sinking machinery to Canada stood at 5 units. The forecast for 2024 to 2026 remains stable at 5 units each year. In 2027 and 2028, a slight decline is expected with values dropping to 4 units annually, representing a year-on-year decrease of 20% from 2026. The compound annual growth rate (CAGR) from 2024 to 2028 is projected to be negative due to the reduction after 2026. This trend indicates a steady demand followed by a slight decrease over the forecast period.

Future trends to watch for include:

Technological advancements that could drive demand for newer machinery.
Global and local economic conditions impacting investment in infrastructure and mining.
Regulatory changes affecting re-import policies.