The import of wool not carded or combed to Canada is projected to decline substantively from 2024 to 2028. In 2023, the value stood notably higher, emphasizing a concerning downward trajectory. Year-on-year forecasts suggest a consistent decrease with significant reductions observed each subsequent year. The compounded annual growth rate (CAGR) accentuates a steep drop, reflecting diminishing demand or possible shifts in the textile industry.

Future trends to watch for include:

Alterations in fashion industry demand or consumer preferences affecting wool usage.
Potential trade policy changes impacting import volumes and values.
Global wool supply dynamics and environmental concerns influencing the market.