The forecast for jute imports to Canada indicates a significant downward trend from 2024 to 2028. The value of imports is expected to decrease each year, 2024 being the peak with 122.29 thousand USD and falling sharply to 29.23 thousand USD by 2028. Year-on-year percentage changes and a five-year CAGR describe a consistent decline, suggesting diminishing demand or increased domestic production. This follows a decline from 2023 figures, although exact numbers from the previous year are not provided here.
Future trends to watch for include shifts in Canadian agricultural policies, potential growth in sustainable materials industries, and global pricing fluctuations in raw jute exports, especially from leading producers like Bangladesh and India.
