The forecast for the re-import of marine outboard spark-ignition motors to Canada from 2024 to 2028 shows a continuous decline in value. In 2023, the actual value stood at a higher point, indicating a consistent downward trajectory over the forecast period. From 2024, the value decreases annually by approximately 7% to 9%, with a compound annual growth rate (CAGR) over the five-year period of approximately -7.3%.
Future trends to watch for include potential shifts in the global marine industry, changes in Canadian import regulations, and technological advancements in motor efficiency and alternatives that could impact re-import demand.
