The import of polyester yarn mixed mainly or solely with wool or fine animal hair to Canada is projected to increase gradually from 2024 to 2028. In 2023, the import volume stood at an actual figure, which we use as a reference for understanding the trends. The forecast data from 2024 to 2028 indicates consistent year-on-year growth, with increases of approximately 3-3.5% annually. The compound annual growth rate (CAGR) for the 2024 to 2028 period is expected to be moderate, reflecting a stable demand in the market.
Future trends to watch include shifts in consumer preferences towards eco-friendly and sustainable materials, which may influence the demand for blended yarns. Additionally, trade policies and global supply chain challenges could impact import dynamics. Monitoring technological advancements in textile production is also crucial as they could affect import volumes.
