In 2023, the import of not knitted or crocheted women's and girls' swimwear to Canada was valued at approximately $4.2 million USD. Forecasts for 2024 to 2028 indicate a gradual decline, with values decreasing from $4.1877 million USD in 2024 to $4.0676 million USD by 2028. This represents a slight annual decrease, with the compound annual growth rate (CAGR) over this period reflecting a downward trend.
Future trends to watch for include:
- Potential changes in consumer preferences towards more sustainable or alternative materials, affecting demand for traditional swimwear.
- Impact of economic factors and currency fluctuations on import patterns.
- Increased market competition from local and international brands offering innovative designs and materials.