The import of multiple (folded) or cabled nylon yarn to Canada is forecasted to decline steadily from $7.2644 million in 2024 to $5.9467 million in 2028. When compared to the actual import value in 2023, the forecast indicates a negative trend. The year-on-year variation shows a consistent decrease, with a 4.67% drop from 2024 to 2025, a 4.81% reduction from 2025 to 2026, a 4.94% decline from 2026 to 2027, and a 5.10% decrease from 2027 to 2028. This points toward an overall compound annual growth rate (CAGR) of -4.88% over the five years.
Future trends to watch for include:
- Potential shifts in global supply chains that could impact import costs and availability.
- Developments in trade policies between Canada and major nylon yarn-producing countries.
- Technological advancements in domestic production that could reduce reliance on imports.