In 2023, the import value of AC motors, multi-phase with outputs less than 750 watts to Canada was not explicitly provided, but based on the forecast and growth trends, it can be implied it was slightly under 90 million USD. The forecast from 2024 to 2028 indicates steady growth in import value, with an approximate Compound Annual Growth Rate (CAGR) of around 3.2%.
The year-on-year variation showcases a consistent growth trend:
- 2024: +3.4%
- 2025: +3.4%
- 2026: +3.2%
- 2027: +3.1%
- 2028: +2.9%
Future trends to monitor include technological advancements influencing demand, trade policy changes impacting cost and accessibility, and shifts in manufacturing needs across the Canadian industrial sector, which could alter the importation landscape significantly.
