The re-import of marine propulsion spark-ignition engines to Canada is projected to remain relatively stable from 2024 to 2028, with slight decreases in value over the period. Starting at 4.97 's in 2024 and 2025, the value marginally declines to 4.96 's in 2026 and 2027, and further to 4.95 's in 2028. Therefore, the year-on-year decline is minimal, suggesting stability in the market. In comparison to 2023, this represents a steady trend with only a modest reduction in value. The compound annual growth rate (CAGR) over this period indicates a very slight negative trend.
Future trends to monitor include:
- Technological advancements in marine engines that may impact demand for re-imports.
- Changes in international trade policies and their effects on import regulations.
- Environmental regulations influencing the adoption of alternative propulsion systems.
