In 2024, the forecasted re-import value of tractors to Canada is $4.5052 million. In 2023, this value was approximately consistent, indicating a slight reduction over time. From 2025 to 2028, the values are expected to decrease annually, showcasing a downward trend with a compound annual growth rate (CAGR) over the forecast period. The projected year-on-year decline suggests a gradual but consistent reduction in the re-import of tractors, reflecting possible shifts in domestic production, consumption, or international sourcing strategies.
Looking ahead, factors to monitor include domestic agricultural policies, potential trade agreements, technological developments in tractor manufacturing, and global economic conditions that could impact import activities.
