The export values have fluctuated in the past decade, showing significant growth in 2014 (25.72%) and periodic declines as seen in 2016 (-8.75%). The recent trend indicates a stabilization with CAGR over the last five years (2018-2022) at an average of 1.91%. Future forecasts from 2023 to 2028 predict a consistent growth rate, with a forecast 5-year CAGR at 0.53% and a total growth rate of 2.7% over the period.
Future trends to watch include technological advancements, global demand shifts, and trade policies which may impact Canada’s competitive positioning in the generator and alternator market.
