From 2013 to 2023, the Canadian market for women and girls' trousers and shorts made of wool demonstrated a steady increase in market size value per capita, rising from $0.098 to $0.21. This represents a Compound Annual Growth Rate (CAGR) of approximately 6.5% over the last five years. The most notable increases were between 2015 and 2017, while 2020 saw a slight dip, likely due to disruptions caused by the pandemic. From 2022 to 2023, there was a growth of 5%. As of 2023, the per capita value stands at $0.21.
Looking ahead, market growth is expected to be influenced by sustainable fashion trends and increasing consumer preference for natural fibers. Monitoring changing consumer habits and wool's role in the slow fashion movement will be crucial for forecasting future market dynamics.
