In 2023, the import of waste of man-made fibres to Canada stood at 3.5 million US dollars. The forecasted data from 2024 to 2028 suggests a steady decline. By 2028, imports are predicted to drop to 2.3929 million US dollars, reflecting a continuous decrease. Year-on-year analysis indicates reductions of approximately 6.9% in 2025, 7.3% in 2026, 7.7% in 2027, and 8.2% in 2028. Over the five-year forecast, the compound annual growth rate (CAGR) is estimated at -7.1%, denoting a consistent downward trend in imports.
Future trends to watch for:
- Changing trade policies and environmental regulations could impact import strategies.
- Technological advancements in recycling might reduce the need for imported waste.
- Shifts in consumer preferences could drive demand for sustainable materials.
