The import of degreased wool other than shorn to Canada decreased from 2024 to 2028. Starting from $411.36 thousand in 2024 and declining to $235.52 thousand by 2028, the data indicates a consistent annual drop. The year-on-year percentage reduction reveals a negative trend, with a compound annual growth rate (CAGR) showcasing a substantial yearly decline. With data from 2023 showing a more pronounced trend, the decline over the forecast period aligns with a potential decrease in demand or shifts towards alternative materials.

Future trends to watch for:

Potential substitution with synthetic alternatives could further depress wool imports.
Environmental regulations may influence wool trade dynamics.
Fluctuations in global wool prices could impact import levels.
Innovations in wool processing could alter demand.