From 2013 to 2023, Canada's major appliance manufacturing closing inventories have exhibited fluctuating trends. Inventories peaked in 2017 at CAD 125.87M and have largely declined since then, reaching CAD 77.12M in 2023—representing a year-on-year decrease of 6.85%. Over the last two years, the inventories shrank by 13.00%. The 5-year CAGR through 2023 stands at -6.65%, indicating a downward trend.
Forecasts from 2024 to 2028 show a continued significant decline, with a 5-year CAGR of -10.31% and an overall decrease of 41.97% by 2028. This signals potential ongoing challenges in the inventory management and demand forecasting within the sector.
Future trends to watch for include advancements in inventory technologies, shifts in consumer behavior towards sustainable products, and the effects of global supply chain disruptions. These factors could substantially affect future inventory levels and industry practices.
