Key Market Indicators
Canada's aerospace industry is set for slight growth over the next five years. Imports are expected to reach $12.5 billion by 2026, a 1% annual growth rate compared to 2021. This is a small increase from the 0.1% annual growth rate since 1986. In 2021, China surpassed Canada's imports with $10.7 billion, while Canada came in eighth place. Exports are predicted to reach $14.1 billion by 2026, a 0.5% average annual growth rate since 2021. This is a slight decrease from the 0.9% annual decline since 1986. In 2021, Singapore surpassed Canada's exports with $12.9 billion, while Canada was in sixth place. France, Germany, and the United Kingdom respectively took spots two, three, and four.