The import of air conditioners with refrigerating units to Canada is forecasted to grow steadily from 2024 to 2028, starting at 559.49 million USD in 2024 and reaching 600.04 million USD by 2028. This marks continuous growth year-on-year, with incremental increases in imports: 1.87% from 2024 to 2025, 1.79% from 2025 to 2026, 1.73% from 2026 to 2027, and 1.67% from 2027 to 2028.
In 2023, the import value stood at 549.21 million USD. The year-on-year variation over the last two years up to 2023 showed upward trends driven by increased demand and market expansion.
The Compound Annual Growth Rate (CAGR) for the forecast period from 2023 to 2028 is approximately 1.81%, signifying consistent annual growth in import values.
Future trends to watch for include shifts in energy efficiency regulations, consumer preferences for smart home integration, and economic factors that may affect import demand. Additionally, technological advancements in air conditioning units and potential supply chain disruptions are also critical to monitor.
