From 2013 to 2023, the import of Aircraft, Spacecraft, and Parts Thereof to Canada showed significant fluctuations. The value stood at USD 9.7955 billion in 2023.

Key Trends:

2013-2015 witnessed strong growth with a CAGR of 10.3%, peaking at USD 8.8357 billion in 2015.
A slight decline occurred in 2016, followed by moderate growth till 2019.
2020 saw a downturn (-4.2%) likely due to the pandemic, but recovery was observed from 2021 onwards.
2023 continued modest growth from the previous years, ending at a value increase of 2.41% year-on-year

Future Trends to Watch:

Forecast predicts steady growth, with a CAGR of 1.84% leading up to 2028.
Expected developments in aerospace technology and international trade agreements could impact future imports.
Economic factors and geopolitical tensions are potential variables influencing forecast accuracies.