In 2023, the import value of parts, electric switches, protectors, and connectors to Canada was approximately 418 million USD. From 2024 to 2028, the imports are forecasted to rise steadily from 425.06 million USD to 456.19 million USD, representing a compound annual growth rate (CAGR) of about 1.8% over these years. Year-on-year growth shows a gradual increase between 1.9% to 2.0%, indicating a consistent upward trend.
Future trends to watch include the integration of advanced technologies such as IoT and AI in electric components, which could potentially boost the demand for more sophisticated parts and connectors. Additionally, global supply chain dynamics and trade policies will also play a crucial role in shaping these import trends.
