From 2024 to 2028, the forecast indicates a gradual increase in the value of re-imports of gas turbine engines of a power not exceeding 5000 kW to Canada. Starting at 18.851 million USD in 2024, the value rises each year, reaching 20.783 million USD by 2028. This represents a consistent projected year-on-year growth rate, with percentage increases moving from 2.64% to 2.41% over the period. The compound annual growth rate (CAGR) over these five years is approximately 2.47%.

In 2023, the value stood at an estimated 18.3 million USD, establishing a baseline for the upcoming forecasts.

Future trends to watch for:

Shifts in global energy markets impacting demand for turbine engines.
Technological advancements in engine efficiency potentially affecting re-import volumes.
Changes in environmental regulations or policies influencing market dynamics.
Economic factors and trade relationships that may alter import costs or pricing structures.