In 2023, the re-import of work trucks, excluding electrically powered ones, to Canada stood at 0.95. Forecasts indicate a consistent yearly decline from 2024’s value of 0.88 to 0.55 by 2028. The year-on-year percentage changes reveal a decreasing trend, with a notable compound annual growth rate (CAGR) over five years indicating a steady downward trajectory.

Future trends to watch:

Potential regulatory shifts or incentives for electric vehicles impacting demand for non-electric work trucks.
Technological advancements potentially reducing costs in production or altering market dynamics.
Evolving trade policies or tariffs that may affect import and re-import patterns.