In 2023, Thailand's wearing apparel exports to Canada stood at $24.016 million. Over the forecast period from 2024 to 2028, a declining trend is evident. In 2024, the exports are forecasted at $22.023 million, showing a year-on-year decrease of approximately 8.3%. By 2025, the exports further decrease by approximately 9.3% to $19.984 million. This downward trend continues into 2026 with a reduction of roughly 10% to $17.986 million, and in 2027, the exports are expected to shrink by about 10.9% to $16.028 million. Finally, in 2028, the exports are forecasted at $14.108 million, marking a year-on-year decline of approximately 12%. The five-year CAGR is around -10.6%, indicating a consistent and gradual decline in wearing apparel exports to Canada.
Future trends to watch for include changes in trade policies between Canada and Thailand, shifts in consumer preferences, and advancements in apparel technology. Monitoring these factors can provide early indicators of potential recovery or continued decline in the sector.
