Forecast: Maritime Container Transport in Canada

The maritime container transport industry in Canada has shown a generally upward trend from 2013 to 2023, reaching 7.50 Million Twenty-Foot Equivalent Units (TEUs) in 2023. Over the past decade, year-on-year variations have fluctuated, with notable decreases in 2016 and 2020. However, the industry resumed growth afterward, with a 2.54% increase in 2023. The five-year CAGR, calculated at 2.22%, indicates a steady but moderate growth rate. Forecasts for 2024 onwards predict continued growth, albeit at a slower five-year CAGR of 1.8%, reaching 8.40 Million TEUs by 2028 with a cumulative growth of 9.32% over the forecast period.

Future trends to watch include potential technological advancements in shipping logistics, environmental sustainability measures, and evolving trade policies that may impact container traffic and port capacities.