In 2023, the import value of parts and accessories for binoculars or telescopes to Canada stood at a level slightly below 7.0641 million USD. From 2024 onwards, forecasts suggest a steady upward trend in import values through 2028, with a year-on-year increase of approximately 2%. The Compound Annual Growth Rate (CAGR) over the period from 2024 to 2028 is projected to be around 1.89%.
Future trends to watch for include potential shifts in demand driven by technological advancements and increased interest in outdoor recreational activities. External factors such as changes in trade policies or economic conditions could also impact these forecasts. Additionally, the integration of more sophisticated technology in optical instruments might drive further growth in accessories importation.
