The import value of diodes, transistors, and semiconductors to Canada has shown a notable declining trend from 2013 to 2023. Starting at $715.06 million in 2013, the value peaked in 2014 at $774.76 million before seeing a downward trajectory, reaching $581.19 million in 2023. Between 2014 and 2023, there was a significant decline, with a particularly sharp drop between 2015 and 2016.
Key observations include:
- Year-on-year variation has generally been negative since 2015, indicating a consistent downturn.
- The compound annual growth rate (CAGR) over the past five years is approximately -1.52%.
Forecasts predict a continued decline, reaching $566.39 million by 2028 with a forecast CAGR of -0.41% for the next five years, indicating a 2.03% decline over this period.
The future trends to watch for include shifts in global supply chains, advances in semiconductor technology, and policy changes affecting trade regulations that could impact import volumes and values. Additionally, developments in renewable energy and electric vehicle industry might alter demand patterns.
