From 2013 to 2023, the import of music printed or in manuscript to Canada has shown a general downward trend. The value stood at USD 7.1274 million in 2023, reflecting a slight decline from the previous year by 2%. Key variations include notable decreases in 2015, 2016, 2017, and 2020, with partial recoveries in 2018 and 2021. These fluctuations are summarized by the last CAGR of -1.79% over the past five years.
Looking ahead, forecasted data suggest a continued gradual decline until 2028, with a forecasted five-year CAGR of -1.79% and an overall decrease of 8.64% from 2023 values. Future trends to watch for include the potential impact of digital distribution on physical music imports and shifts in consumer preferences driven by technological advancements.
