In 2023, the import of shawls, scarves, and veils made of silk to Canada stood at 12.68 million US dollars. Forecast data from 2024 to 2028 indicates a steady growth in imports. By 2025, imports are expected to be 12.952 million US dollars, increasing annually until 2028, reaching 13.735 million US dollars. The year-on-year growth rate is approximately 2-3%. Over the five-year period, this translates to an expected compound annual growth rate (CAGR) that reflects moderate and stable interest in these goods.
Future trends to watch include:
- Fluctuations in silk supply, which may affect prices and demand.
- Growing consumer interest in sustainable and ethically sourced fashion products.
- Trade policies between Canada and silk-producing countries that may impact import levels.
