The import of mechanically made lace, other than man-made fibers, to Canada is projected to decrease steadily from 2024 to 2028. While the value of these imports stood at 454.39 in 2024, it is forecasted to decline by approximately 4% annually to reach 386.87 by 2028. This represents a compound annual growth rate (CAGR) over five years indicating a gradual decrease.

Future trends to monitor include:

Potential impacts of trade policies or tariffs that could further influence the import value.
Shifts in consumer preferences towards environmentally sustainable materials which might affect demand.
Technological advancements in local production which could reduce reliance on imports.