In 2023, Canada imported knit or crochet fabric of wool or fine animal hair valued at approximately 4.4 million USD. From 2024 to 2028, import values are forecasted to show a steady increase from 4.4122 million USD to 4.4802 million USD. The year-on-year growth rates are modest, indicating a stable market with slight upward momentum. Over the five-year forecast period, the compound annual growth rate (CAGR) reflects minimal average annual expansion in import values.

Future trends to watch include:

Global wool supply fluctuations impacting import levels due to climatic and geopolitical factors.
Changes in consumer preferences towards sustainable and ethical sourcing may influence Canadian importers' choices.
Technological advancements making synthetic alternatives more appealing could also affect demand.