In 2023, Canada's import of yarn made from man-made staple fibers was recorded at a certain level, setting a baseline for future predictions. The forecast from 2024 suggests consistent growth each year, with values increasing gradually until 2028. Notably, the data exhibits a year-on-year growth ranging between 1.75% and 2.05%. The compound annual growth rate (CAGR) calculated over the five-year projection period indicates an average annual growth of about 1.70%.
Future trends to watch for:
- Growth in sustainable and recycled yarns impacting demand dynamics.
- Changes in trade policies that might influence import tariffs and costs.
- Shifts in global manufacturing locations that could affect supply chains.
