In 2023, the import of parts for domestic non-electric thermic appliances to Canada was valued at approximately $61.45 million USD.
Looking ahead from 2024 to 2028, a consistent growth trend is evident with an estimated year-on-year increase of around 0.88%. By 2028, the imports are projected to reach $64.057 million USD. The compound annual growth rate (CAGR) over this forecasted period is approximately 1.02%.
Future trends to watch for include:
- Potential market shifts due to advancements in thermic appliance technologies.
- The impact of global trade policies and tariffs on import levels.
- Fluctuations in domestic demand driven by construction and housing market changes.