The import value of bombs, grenades, mines, missiles, and ammunition to Canada in 2023 stood at 113.5 million USD. Forecasts from 2024 to 2028 show a consistently decreasing trend. The year-on-year percentage change indicates a decrease of 4.21% in 2025, 4.31% in 2026, 4.42% in 2027, and 4.54% in 2028. Over the last two years, the trend illustrates a continuous decline in import values, with a compound annual growth rate (CAGR) of -4.18% across the five-year forecast period.
Future trends to watch for include geopolitical tensions, changes in defense policies, and technological advancements in defense equipment, which could impact the import demand and value for these items in Canada.
