In 2023, the re-import of fans with a self-contained electric motor of an output not exceeding 125 watts into Canada stood at 8.86 thousand units. The forecast for 2024 suggests a stable level of re-imports, maintaining the same volume. Subsequent years project steady growth with a year-on-year increase: 5.31% in 2025, 4.83% in 2026, 4.60% in 2027, and 4.30% in 2028. The five-year compound annual growth rate (CAGR) stands at 3.91%, indicating a positive upward trend over the coming years.
Future trends to watch include technological advancements in energy-efficient fans, potential regulatory changes on imports, and shifts in consumer preferences towards eco-friendly products, which may influence re-import levels significantly.
