The import value of bicycle frames, forks, and parts to Canada was $18.641 million in 2023. The overall trend has been a decline since its peak at $25.248 million in 2015. Over the last two years, the import value decreased by 7.18% in 2022 and by 2.56% in 2023. Considering a broader perspective, the five-year CAGR stands at -3.52%. Future forecasts indicate a continued decline to $16.378 million by 2028, with an estimated five-year CAGR of -2.14%, equating to a forecasted growth rate of -10.23%.

Future trends to watch for include:

Changes in local manufacturing capabilities and policies supporting domestic production could impact import demand.
Shifts in consumer preferences towards electric and specialized bicycles may alter import requirements.
Technological advancements in bicycle materials and design influencing import patterns.
Trade policies and tariffs impacting the cost and volume of imports.
Global supply chain dynamics and potential disruptions affecting availability and cost.