The forecast for Canada's transport services exports indicates a gradual decline from 2024 to 2028. Starting at 10.14% of services exports in 2024, it decreases to 9.83% by 2028. The year-on-year decline suggests a steady contraction with minor annual drops. This trend reflects a Compound Annual Growth Rate (CAGR) analysis pointing to an average annual decrease over the five-year period.
Future trends to watch for include:
- Fluctuations in global trade demand impacting transport services.
- Technological advancements in logistics increasing efficiency but potentially reducing service volume.
- Regulatory changes affecting cross-border transport services.