In 2023, the import of parts of electronic integrated circuits to Canada stood at an actual value of 26.5 million USD. The forecasted data indicates a decreasing trend in import values over the next five years. The value is expected to drop to 24.814 million USD in 2024, decreasing further to 23.166 million USD in 2025, 21.55 million USD in 2026, 19.966 million USD in 2027, and 18.415 million USD in 2028.
Year-on-year variations display a consistent decline:
- From 2024 to 2025: approximately -6.64%
- From 2025 to 2026: approximately -6.97%
- From 2026 to 2027: approximately -7.36%
- From 2027 to 2028: approximately -7.76%
Over the last two years, the average annual decrease is about -7.18%. The compounded annual growth rate (CAGR) over the forecast period (2024-2028) is approximately -6.74%.
Future trends to watch for include the potential impacts of technological advancements on the supply chain, changes in trade policies, and shifts in global demand for electronic integrated circuits. Monitoring these factors will be crucial for understanding the dynamics influencing the import market in the coming years.
