In 2023, the import value of single viscose yarn with a twist exceeding 120 turns per metre to Canada was not specified, but forecasts from 2024 to 2028 show a consistent decline: from $77.93 thousand in 2024 down to $41.33 thousand in 2028. This represents a year-on-year decrease of approximately 12.1% from 2024 to 2025, 13.5% from 2025 to 2026, 15.3% from 2026 to 2027, and 17.7% from 2027 to 2028. The five-year CAGR indicates a significant decline, reflecting a yearly average decrease in demand.
Future trends to watch:
- Market shifts to sustainable materials could further impact demand.
- Technological advancements in textiles may alter import necessities.
- Economic factors influencing the apparel industry may also affect import volumes.