Based on the forecasted data, the average expenditure per household on cooking appliances in Canada is projected to rise from CAD 116.95 in 2024 to CAD 126.82 in 2028. Comparing the years:
- From 2024 to 2025, there is a 2.17% increase.- From 2025 to 2026, the increase is 2.09%.- From 2026 to 2027, the rise is 2.01%.- From 2027 to 2028, the growth is 1.92%.
The compound annual growth rate (CAGR) from 2024 to 2028 stands at approximately 2.05%.
Future trends to watch for include technological advancements in cooking appliances leading to higher prices, changes in consumer preferences towards energy-efficient models, and any economic factors that may influence household spending capacity.
