The forecast for the re-import of compressors for refrigerating equipment to Canada shows a steady decline from 2024 to 2028, with values decreasing each year from $74.67 thousand to $51.4 thousand, after peaking in 2023. Year-on-year analysis reveals an annual reduction, reflecting changing market dynamics or efficiencies potentially impacting demand. Over the five-year forecast period, the compound annual growth rate (CAGR) indicates a consistent negative growth trend.

Future trends to watch for:

Advancements in refrigerating technologies leading to longer-lasting equipment reducing replacement needs.
Changes in environmental regulations potentially impacting compressor demand and imports.
Economic factors, such as shifts in trade policies or currency fluctuations, affecting re-import costs.
Rising importance of sustainability could drive innovation in compressor technologies.