In 2023, the re-import of parts for domestic non-electric thermic appliances to Canada stood at 215. The forecast for 2024 predicts a notable decrease to 210.4 thousand US dollars. This decline continues in the following years, reaching 186.24 thousand US dollars by 2028. Analyzing the year-on-year variation indicates a consistent shrinkage in value: -2.95% for 2025, -3.00% for 2026, -3.02% for 2027, and -3.05% for 2028. Over the forecasted five-year period, the compound annual growth rate (CAGR) is expected to yield an average annual decline.
Future trends to watch for include:
- Factors affecting the demand for domestic non-electric thermic appliances, such as technological advancements or shifts to electric alternatives.
- Global supply chain dynamics that might alter the cost-effectiveness of re-importing parts.
- Changes in trade policies between Canada and major exporting countries.
