The semiconductor and other electronic component manufacturing closing inventories in Canada have seen significant fluctuations over the past decade. Standing at 874.65 million Canadian dollars in 2023, the actual data from previous years highlight substantial growth, particularly from 2016 to 2018, with a peak in 2017 and some volatility thereafter. Specifically, 2020 saw a notable recovery with a 14.97% year-on-year increase, while subsequent years showed steady, albeit more modest, growth rates.
Year-on-year variations indicate a slowing trend, with 2022 and 2023 recording mild increases of 3.3% and 3.16%, respectively. The last CAGR of -0.77% from 2018 to 2023 underscores the recent instability, contrasting with the robust 10.36% observed over the 2016-2021 period.
Looking ahead, the forecasted data for 2024 to 2028 suggest a stabilizing pattern with a 5-year CAGR of 2.2%. Future inventories are projected to rise, reaching 1004.7 million Canadian dollars by 2028, representing an 11.49% total growth over the five-year period.
Future trends to watch for include potential impacts from technological advancements, supply chain disruptions, and shifts in global demand. Continued monitoring of geopolitical factors and innovation cycles within the semiconductor industry will also be crucial in anticipating and responding to market changes.
