The forecast for imports of compressors for refrigerating equipment to Canada shows an upward trend from 2024 to 2028, with values rising moderately year on year. The data indicates a steady growth trajectory, with year-on-year growth ranging modestly. In 2023, imports stood at a similar level to early forecasts for 2024. The compounded annual growth rate over this five-year period is projected to be modest, indicating stable but not explosive growth.

Future trends to watch for include:

Technological advancements in refrigeration systems that may impact demand for specific types of compressors.
Potential changes in trade policies that could affect import costs and supply chains.
Environmental regulations and energy efficiency standards that could influence market dynamics.