Forecast: Re-Import of Parts of Electronic Integrated Circuits to Canada

In 2023, the re-import of parts of electronic integrated circuits to Canada was valued at higher than the forecasted figures for subsequent years. The forecast data shows a declining trend from 2024 to 2028, with values projected to decrease each year. The year-on-year percentage change reflects a consistent decline, with a substantial downturn expected by 2028. The total decline averages out to a negative compound annual growth rate (CAGR), indicating a steady reduction in re-import value over the five-year period.

Future trends to watch for include:

  • Potential changes in global trade policies that may impact import tariffs and regulations.
  • Technological advancements in domestic manufacturing reducing dependency on parts re-import.
  • Fluctuations in demand for integrated circuits in Canada, influenced by technological advancements and industry shifts.

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