In 2023, the market size for Blankets and Travelling Rugs of Synthetic Fibres in Canada reached 303.72 million US Dollars. The market showed gradual recovery after declining in 2014 and 2015, with a notable spike in growth from 2018 to 2019. Over the last five years, the compound annual growth rate (CAGR) was 1.13%, indicating steady, albeit slow, growth. Year-on-year growth has decreased slightly from 1.97% in 2021 to 1.83% in 2023.
Future trends to watch for include:
- Potential technological advancements in synthetic fiber production.
- Increased consumer demand for sustainable and eco-friendly options potentially altering the market dynamics.
- Global economic changes that could impact consumer purchasing power and thus market size.
How does Canada rank in Blankets and Travelling Rugs of Synthetic Fibres Market Size Value?
| # | 25 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 679,800,000 | 2023 | -3.21% | -3.97% | View data |
| 2 | 2 United Kingdom | 358,910,000 | 2023 | +2.32% | +2.89% | View data |
| 3 | 3 Canada | 303,720,000 | 2023 | +1.83% | +1.13% | |
| 4 | 4 France | 283,320,000 | 2023 | +1.1% | +0.00092% | View data |
| 5 | 5 Australia | 242,370,000 | 2023 | +3.99% | +3.67% | View data |
