The re-import of aircraft spark-ignition engines to Canada is projected to increase steadily from 2024 to 2028. In 2023, the actual value was recorded at approximately 5.3 million USD. From 2023 to 2024, the forecasted year-on-year increase is around 3.5%. The subsequent years show consistent growth, with the year-on-year variations averaging between 2.8% to 3.1%. The compound annual growth rate (CAGR) from 2024 to 2028 is expected to be approximately 2.6%.
Future trends to watch for include:
- The impact of technological advancements on demand for engine efficiency.
- Changes in trade policies that could affect re-import costs.
- Potential shifts in the global aviation market dynamics.
