The Pile Knit or Crochet Fabric of Synthetic Fibres market in Canada exhibited a consistent downward trend in value from 2013 to 2023. In 2023, the market size stood at 11.403 million USD, representing a continuous decline over the years. The last two years alone saw a significant year-on-year decline of 11.2% in 2022 and 12.49% in 2023. The overall five-year CAGR from 2018 to 2023 shows an average annual decrease of 7.05%, highlighting substantial shrinkage in the market size.
Future trends to watch for:
- Technological advancements in fabric production methods.
- Potential shifts towards eco-friendly and natural fibers.
- Changes in fashion trends that might affect demand.
- Impact of global trade regulations and partnerships that could influence market dynamics.
How does Canada rank in Pile Knit or Crochet Fabric of Synthetic Fibres Market Size Value?
| # | 12 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Colombia | 185,620,000 | 2023 | +3.71% | +3.82% | View data |
| 2 | 2 Spain | 90,201,000 | 2023 | +4.46% | +4.06% | View data |
| 3 | 3 Germany | 90,163,000 | 2023 | +4.45% | +6.34% | View data |
| 4 | 4 United Kingdom | 74,669,000 | 2023 | +1.55% | +1.75% | View data |
| 5 | 5 Japan | 41,221,000 | 2023 | -6.3% | -6% | View data |
| 6 | 6 France | 33,863,000 | 2023 | +0.25% | +0.45% | View data |
| 7 | 7 Canada | 11,403,000 | 2023 | -12.49% | -7.05% | |
| 8 | 8 Hungary | 7,332,600 | 2023 | +0.059% | +0.87% | View data |
| 9 | 9 Sweden | 4,339,500 | 2023 | -6.53% | -7.06% | View data |
