The forecasted arms export values for Canada from 2024 to 2028 show a gradually decreasing trend. In 2023, the actual value stood at 144.27 million US dollars (constant 1990). The year-on-year percentage variations between 2024 and 2028 indicate a consistent decline: -1.27% from 2024 to 2025, -1.27% from 2025 to 2026, -1.28% from 2026 to 2027, and -1.28% from 2027 to 2028. Over the five-year period, the Compound Annual Growth Rate (CAGR) anticipates an average annual decrease of approximately -1.28%.
Future trends to watch for in the Canadian arms export market include potential geopolitical shifts, government policy changes, and evolving international trade agreements that may affect demand and supply dynamics. Technological advancements and innovations in defense equipment could also influence the market landscape.
