In 2023, the import value of woven fabrics of combed wool or combed fine animal hair exceeding 300 g/m² to Canada stood at a higher level, showing a declining trend thereafter. Forecasts from 2024 to 2028 indicate a continuous decrease in import values, starting at 4.3342 million USD in 2024 and dropping to 1.28 million USD by 2028. The year-on-year analysis demonstrates a consistent downward trend, with notable reductions each year. The Compound Annual Growth Rate (CAGR) reflects this decline over the five-year forecast period.

Future trends to watch for:

Shifts in consumer preferences towards alternative fabrics or materials.
Impact of potential trade policies and tariffs affecting import costs.
Technological advancements in domestic fabric production that could reduce dependency on imports.
Global economic conditions that may influence consumer demand and purchasing power.