In 2023, the import value of single untwisted nylon yarn to Canada stood at a historical point before the forecast period. From 2024 onwards, there is a discernible upward trend in imports with continuous year-on-year growth. Specifically, the imports are expected to rise from 36.803 million USD in 2024 to 42.509 million USD in 2028. This indicates consistent positive annual growth.
Year-on-year variations reveal an average increase, reflecting a steady demand for the product. Over the five-year forecast period (2024-2028), the compound annual growth rate (CAGR) suggests a stable increase in import values, supporting a general positive growth outlook for Canada's nylon yarn import market.
Future trends to watch for:
- Changes in trade policies affecting textile imports.
- Fluctuations in global nylon production and prices.
- Technological advancements in alternative yarns that could impact demand.
- Environmental regulations influencing the textile industry's material choices.
