The re-import of knitted or crocheted women's and girls' overcoats, capes, or cloaks of wool or fine animal hair to Canada is forecasted to decrease steadily from 2024 onwards. In 2023, the import value stood higher, indicating a diminishing trend. The year-on-year variation shows a consistent decline of around 7% annually, leading to a compound annual growth rate (CAGR) that demonstrates a negative average variation over the span of five years.

Future trends to watch for include:

Potential shifts in consumer preferences towards sustainable and locally-produced textile goods, possibly affecting import levels.
The impact of trade policies and tariffs that might influence the cost and attractiveness of re-importing these garments.
Technological advancements in textile production that might alter the supply chain dynamics.