In 2023, Canada re-imported fuel, lubricating, and cooling pumps for motor engines amounting to an actual figure of approximately 2.13 million USD. The forecast from 2024 to 2028 shows a gradual increase in re-import values, from 2.1597 million USD in 2024 to 2.2808 million USD in 2028. This reflects a steady upward trend with year-on-year growth hovering around 1.5% to 1.6%. The Compound Annual Growth Rate (CAGR) over this five-year period is also expected to stabilize around 1.6%, indicating consistent growth in this sector.

Future trends to watch for include:

Technological advancements in engine components that may affect import dynamics.
Changes in Canadian automotive manufacturing and supply chain practices.
Fluctuations in global oil prices impacting demand for related equipment.