From 2023 to 2024, the import of hand-woven and needle-worked tapestries, kit sets to Canada is forecasted to experience a decrease of 11.8%. The trend continues as imports are expected to decline by 11.8% annually, with values dropping further to 136.15 thousand USD in 2025 and reaching 83.66 thousand USD by 2028. This indicates a compound annual growth rate (CAGR) of -14.1% over the five-year period.
Future trends to watch for:
- The impact of emerging artisanal trends on local production versus imports.
- Possible changes in consumer preferences towards sustainable and personalized textiles.
- Potential trade policy shifts that may influence import costs and overall demand.