The forecasted import values of yarn of carded fine animal hair to Canada from 2024 to 2028 show a consistent downward trend. In 2023, the import value stood at 155.00 thousand US dollars. By 2028, this figure is projected to decline to 146.97 thousand US dollars. This reflects a year-on-year decrease of approximately 0.95% over the five-year period, indicating a compounded annual growth rate (CAGR) of around -1.17% over these planned years. This gradual decline suggests weakening demand or shifts in sourcing strategies for this type of yarn.
Future trends to watch include potential changes in trade policies that could affect import dynamics, advancements in synthetic alternatives to natural fibers, and fluctuations in global demand for sustainable and ethically sourced animal fibers. Monitoring these factors could provide clearer insights into the future trajectory of imports.
