The forecast for tractor imports to Canada shows a steady increase from 2024 to 2028, with values rising from $4.6044 billion in 2024 to $4.9722 billion in 2028. It demonstrates a positive year-on-year growth trend between approximately 2% to 3% annually. As of 2023, the import value was slightly lower, suggesting a consistent upward momentum over the forecasted period. The five-year compound annual growth rate (CAGR) indicates a positive growth trajectory in this sector.
Future trends to watch include technological advancements in tractor technology, shifts in Canadian agricultural policy affecting demand, and global supply chain dynamics potentially impacting import levels.
