In 2023, the import value of motorboats, other than outboard motorboats, to Canada stood at approximately the same level as in 2024, indicating stable demand. From 2024 to 2028, the forecasted values show a steady increase, with the import value gradually rising from $407.65 million to $420.95 million, representing a compound annual growth rate (CAGR) of around 0.8% over five years. Year-on-year variations are modest, ranging from roughly 0.8% to 0.9%, indicating a consistent upward trend in imports.

Future trends to watch for:

Technological advancements in motorboat design and fuel efficiency could drive import growth.
Changes in Canadian economic conditions or consumer preferences may impact demand.
Trade policies and international relations influencing US-Canada trade could alter import dynamics.