| Year | Value (Million USD) | YoY Variation (%) |
|---|---|---|
| 2024 | 189.66 | - |
| 2025 | 194.31 | 2.45% |
| 2026 | 198.88 | 2.35% |
| 2027 | 203.35 | 2.25% |
| 2028 | 207.73 | 2.16% |
The average annual growth rate (CAGR) over the next 5 years is projected to be approximately 2.30%.
Future Trends to Watch: The electrical equipment export market from Canada to Mexico is projected to see steady growth through 2028. Factors driving this include advancements in technology, increased demand for energy-efficient products, and trade agreements. Monitoring changes in trade policies and economic conditions will be crucial.
