In 2023, Canada re-imported sewing thread of synthetic filaments valued at approximately 268.5 thousand US dollars. Over the forecast period from 2024 to 2028, a steady upward trend is projected, with values increasing each year. From 2024 to 2025, the forecast predicts a 2.28% year-on-year increase, and from 2025 to 2026 a 2.18% increase. This pattern continues with a 2.09% rise from 2026 to 2027, followed by a 2.00% climb in 2027 to 2028. The compound annual growth rate (CAGR) over the 5-year span is approximately 2.11%.
Future trends to watch for include potential shifts in global supply chain dynamics affecting synthetic filament availability, advancements in textile technology driving changes in demand, and trade policy adjustments impacting re-import levels in Canada.
