The forecast for the re-import of track-laying tractors to Canada from 2024 to 2028 shows a declining trend. Starting at $237.23K in 2024, the value drops year-on-year to $78.51K in 2028. This represents a compound annual growth rate (CAGR) of -26.2% over five years. As of the last reported data in 2023, preceding the forecasted period, the value stood higher, indicating a significant downward trend over the forecasted years.
Future trends to watch for include developments in domestic production of crawlers, technological advancements that may reduce the need for re-importation, and potential changes in trade policies affecting cross-border commerce of such machinery.
