In 2023, the import value of radiators and parts thereof of iron or steel, except cast, to Canada stood at an undisclosed figure that serves as the base for forecasting in the 2024-2028 period. The import values are expected to grow steadily from 2024 through 2028. Between 2024 and 2028, the import market is forecasted to increase from $16.548 million to $18.824 million, exhibiting consistent year-on-year growth, with trends indicating moderate yet sustained increases.
Key trends to watch for include:
A gradual increase in import value signaling stable economic confidence in the market.
Potential influences on import demand could include changes in construction practices, advances in heating technology, and shifts toward energy-efficient solutions.
