The forecasted import of silk-worm cocoons suitable for reeling to Canada is projected to increase steadily from 1.02 thousand kilograms in 2024 to 1.2 thousand kilograms by 2028. This represents a year-on-year growth of approximately 4.9% from 2024 to 2025 and a consistent growth rate across the subsequent years. The 5-year compound annual growth rate (CAGR) is approximately 4.17%. For context, the volume in 2023 stood below the forecasted levels for 2024.
Future trends to watch for include:
- Emerging demand in fashion industries that utilize silk, which may influence import volumes.
- Potential advancements in domestic silk production or alternatives that might reduce import reliance.
- Trade policy changes that could impact import costs or accessibility.