In 2023, the imports of spark ignition engine trucks weighing less than 5 tonnes to Canada were valued at 11.223 billion USD. Forecasts suggest a steady growth in imports, with values set to increase annually, reaching 12.44 billion USD by 2028. The year-on-year growth from 2024 to 2025 is projected at 2.49%, increasing to 2.39% by 2028. This represents a compound annual growth rate (CAGR) of approximately 2.31% over the five-year forecast.

Future trends to watch for include:

Potential shifts in consumer preferences towards electric vehicles impacting imports.
Changes in trade policies between Canada and exporting countries that could affect import volumes and values.
Technological advancements in vehicle efficiency potentially altering market dynamics.