The forecasted import value of flax yarn single to Canada shows a downward trend from 2024 to 2028. The value decreases from $41.21K USD in 2024 to $27.63K USD by 2028. This indicates a steady decline in import values over the five-year period.
Key variations to note:
- The yearly decrease from 2024 to 2025 is approximately 8.5%.
- From 2025 to 2026, the import value declines by around 9.1%.
- The decline continues with a drop of about 9.8% from 2026 to 2027.
- From 2027 to 2028, the import value falls by nearly 10.7%.
The compound annual growth rate (CAGR) indicates an average decline of about 9.6% over these five years.
Future Trends to Watch:
Watch for potential shifts in demand for flax yarn in Canada's textile industry, influenced by sustainability trends and policy changes that could alter import levels. Additionally, trade agreements or changes in flax cultivation regions could impact future import values.
