In 2023, the import value of sunglasses to Canada stood at 192.17 Million USD. From 2024 onwards, the forecast shows a consistent upward trend in the import values. The projected increase for 2024 is to 195.89 Million USD and continues to grow to 210.47 Million USD by 2028. This trend represents a compound annual growth rate (CAGR) of approximately 2.3% over the forecast period from 2024 to 2028.
Future trends to watch include:
- Potential impacts of changing consumer preferences towards sustainable eyewear.
- The influence of digital retail channels on the distribution and availability of luxury sunglass brands.
- Global economic factors and their effects on import tariffs and trade agreements influencing pricing strategies.