The import of degreased wool other than shorn to Canada is projected to decline steadily from 2024 to 2028, with a value of 122,170 kilograms in 2024 decreasing to 87,260 kilograms by 2028. This data represents a year-on-year decrease in the forecasted volumes.
The trend indicates an average compound annual growth rate (CAGR) of -8.12% over the five-year period from 2024 to 2028. Meanwhile, specific year-over-year variations suggest a continuous contraction trend in this import segment.
Future trends to watch for:
- Potential shifts in global wool supply chains affecting Canada's import needs.
- Changes in Canada's domestic production or demand for alternatives influencing import volumes.
- Evolution of international trade agreements that might impact wool import tariffs or regulations.