Forecast: Container Port Traffic in Canada

Over the past decade, container port traffic in Canada has experienced significant shifts. Starting from 5.2602 million TEU in 2013, the values have generally trended upwards, peaking at 7.2689 million TEU by 2023. Year-on-year variations reveal considerable fluctuations, with notable increases such as 11.34% in 2017 and declines like -10.03% in 2020. Recently, Canada saw a modest 4.28% growth in 2023.

Examining the last two years, we observe a downturn in 2022 at -2.78%, followed by a recovery in 2023 with a 4.28% increase. The Compound Annual Growth Rate (CAGR) over the previous five years stands at a modest 1.45%, indicative of moderate but steady growth.

The forecast for 2024-2028 shows an optimistic outlook with a forecasted 5-year CAGR of 1.57% and an overall growth rate of 8.1% by 2028, suggesting a positive trend.

Future trends to watch for:

• Global trade dynamics affecting import and export volumes.
• Technological advancements in port operations.
• Potential environmental regulations and their impacts.
• Infrastructure improvements and capacity expansions.