In 2023, the re-import of buses to Canada stood at 13.0 million US Dollars. The forecast for 2024 to 2028 shows a continuous decline, with a yearly decrease in value: 2024 by 5.0%, 2025 by 5.4%, 2026 by 5.6%, 2027 by 5.8%, and 2028 by 6.1%. The compound annual growth rate (CAGR) over this five-year period is -5.58%, indicating consistent downward momentum.
Future trends to watch for:
- Economic changes influencing domestic production vs. imports.
- Policy shifts that could impact the cost-benefit of re-importing buses.
- Technological advancements that may alter market demand or supply chains.
