The re-import of parts for railway and tramway locomotives and rolling stock to Canada shows a forecasted decline from 2024 through 2028. In 2023, actual values exceeded future projections, indicating a downward trend. Specifically, there is a year-on-year decrease of approximately 5% between 2024 to 2025, with a consistent decline averaging around 6% annually through 2028. Over the forecasted five-year period, the compound annual growth rate (CAGR) is negative, underscoring the anticipated contraction of this market segment.
Future trends to watch for include shifts in technological advancements, evolving supply chain dynamics, and potential changes in trade policies which may impact re-import demands. Keeping an eye on these factors will be crucial for stakeholders in the Canadian railway sector to adapt to the forecasted market environment.
