The import of non-electric alarm clocks to Canada has experienced a declining trend over the past decade. The value stood at 1.2453 million USD in 2023, reflecting a general downtrend since 2013. Year-on-year variations indicate significant fluctuations, ranging from sharp declines in some years such as 2017 (-27.62%) to occasional increases like in 2018 (51.73%). Over the last two years (2022 and 2023), the imports witnessed a contraction of 4.34% and 4.45% respectively. The five-year CAGR leading up to 2023 averaged at -4.42%, reflecting a persistent downward trend.
Looking forward, forecast data from 2024 onwards projects a continuous decline, with the import value expected to decrease to 0.94263 million USD by 2028. This implies a forecasted five-year growth rate of -20.23%. The key trend to watch is the sustained reduction in imports, likely driven by a combination of factors such as technological advancements rendering non-electric alarm clocks obsolete and shifting consumer preferences towards more modern and multifunctional devices.
