Forecast: Textiles Exports to Canada by Thailand

Thailand's textiles exports to Canada stood at 7.5 million USD in 2023. The forecasted data indicates a downward trend in the coming years. For 2024, the export value is expected to be 6.962 million USD, a decrease of approximately 7.18% from 2023. This declining trend continues with forecasted values of 6.4944 million USD in 2025 (a 6.72% decrease from 2024), 6.0361 million USD in 2026 (a 7.06% decrease from 2025), 5.587 million USD in 2027 (a 7.44% decrease from 2026), and 5.1468 million USD in 2028 (a 7.88% decrease from 2027).

- Year-on-year percentage variations indicate a consistent decline in export values from 2024 to 2028.

- The Compound Annual Growth Rate (CAGR) shows an average decline of approximately 7.22% per year over the forecasted five-year period.

Future trends to watch for include potential market shifts due to evolving trade policies between Thailand and Canada, changes in global demand for textiles, and the impact of technological advancements in the textiles industry. Monitoring these factors will be crucial for predicting and adapting to future market dynamics.