The import of yarn of acrylic or modacrylic staple fibres mixed mainly or solely with wool or fine animal hair to Canada is forecasted to decline steadily from 556.5 thousand USD in 2024 to 326.54 thousand USD in 2028. This indicates a year-on-year decrease, with a significant five-year decline, signifying a compound annual growth rate (CAGR) depicting a reduction in imports. This trend follows a general shift in demand dynamics or changes in textile industry preferences within Canada.
Future trends to watch for:
- Shifts in consumer preferences towards sustainable or alternative fibers.
- Fluctuating global supply chain conditions affecting fiber availability.
- Changes in trade policies impacting import costs and volumes.
