In 2023, Canada's import value of woven fabrics of carded wool or fine animal hair was $6.016 million. The forecasted data from 2024 to 2028 shows a steady decline in imports, with a year-on-year decrease ranging from approximately 4.75% to 5.25% annually. The compound annual growth rate (CAGR) over this period is a decline of about 5.1% per year. This suggests a consistent downward trend in the importation of these fabrics over the forthcoming years.

Future trends to watch include:

The impact of shifting consumer preferences toward sustainable and locally sourced materials.
Changes in trade policies and international agreements that might affect import duties and regulations.
Technological advancements in textile production that could either boost domestic capabilities or disrupt traditional supply chains.