In 2023, the re-import value of yarn of carded wool to Canada stood at an estimated 8.77 thousand USD. The forecast for 2024 to 2028 shows a steady decline in re-import values, decreasing from 8.57 thousand USD in 2024 to 7.78 thousand USD by 2028. The year-on-year percentage change reflects a consistent decrease of approximately -2.33% annually. The compound annual growth rate (CAGR) over this period is anticipated to be approximately -2.33%, indicating a downward trend.
Future trends to watch for include potential shifts in global trade policies, developments in technology impacting production processes, and consumer preferences towards sustainable and locally produced materials which may influence re-import volumes. Additionally, changes in the macroeconomic environment, such as currency fluctuations and economic growth, may also affect future trends in the re-importation of yarn of carded wool.
