The sales forecast for sewing and knitting supplies in non-store retailing in Canada indicates a progressive decline from 2024 to 2028, with values projected to drop from 6.88 million CAD in 2024 to 2.34 million CAD by 2028. The average compound annual growth rate (CAGR) indicates a consistent downward trend over five years. Year-on-year percentage decreases support this, highlighting a continuous reduction in demand.
Future trends to watch for include:
- Increased online competition from international sellers, offering cheaper alternatives.
- Potential resurgence in interest due to trends in DIY and sustainable living.
- Technological advancements in crafting equipment may influence consumer behavior and demand.
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