The forecast for Canada's import of looped pile knit or crochet fabric of manmade fibers shows a gradual decrease from 2024 to 2028. Starting at approximately $8.283 million in 2024, it declines to about $7.135 million by 2028. This reflects a steady downward trend, with year-on-year percentage decreases averaging around -3.6%. Over the five-year period, the compound annual growth rate (CAGR) is approximately -3.7%, highlighting an ongoing reduction in import value.
Future trends to watch include shifts in global trade policies, variations in raw material costs, and advancements in textile technology. These factors could impact the demand and pricing of such fabrics.
