The import of semiconductor devices, not light-sensitive or emitting, to Canada has seen a significant decline, dropping from 14.369 million USD in 2013 to 6.4558 million USD by 2023. Year-on-year variations show a fluctuating yet generally downward trend, with sharp drops of over 12% in the last two years. From 2024 onwards, the decline is forecast to accelerate, culminating in a drastic fall to 0.90197 million USD by 2028.
Key trends and variations:
- 2013-2023 CAGR: -8.74%
- 2013-2023 Year-on-Year variations range from -22.3% to -5.12%, with occasional growth peaks like in 2018 (+29.7%).
- 2022-2023: -14.14% decline
- Forecasted 2023-2028 CAGR: -29.79%
Future trends to watch for include shifts in global semiconductor supply chains, technological advancements, and potential economic policies that could influence import dynamics. Close attention to geopolitical factors and trade agreements will also be crucial in understanding potential changes in Canada's semiconductor import landscape.
