Forecast: Import of Rubberized Textile Knitted or Crocheted Fabric to Canada

The import of rubberized textile knitted or crocheted fabric to Canada is projected to decline gradually from $1.665 million in 2024 to $1.3955 million by 2028. Comparing the forecasts annually, the Year-on-Year (YoY) percentage change from 2024 to 2025 reveals a drop of approximately 4.17%, followed by successive annual declines. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 suggests an average decrease of around 3.31% per year. In 2023, the value of imports stood at a higher level, underlining a consistent downward trend in subsequent years.

Looking ahead, significant trends include potential changes in trade policies, advancements in textile technology, and shifts in consumer preferences for sustainable materials. Monitoring these factors will be crucial for understanding future market dynamics and possible reversals in the declining trend.