As of 2023, the re-importation of lead-acid electric accumulators (vehicle) into Canada stood at a value of $34.85 thousand. From 2024 onwards, forecasts indicate a steady decline, with values decreasing annually: from $33.07 thousand in 2024 to $26.53 thousand in 2028. Year-on-year, this represents a consistent contraction of approximately 4.95% from 2024 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is projected to be around -4.58% per annum, indicating a noticeable retrenchment in this market segment.
Future trends to watch include advancements in battery technology, which may further diminish the demand for lead-acid batteries, influencing import patterns. Additionally, shifts towards electric vehicle adoption and environmental regulations could lead to more significant changes in the battery market landscape.
