The import of cotton waste, except garnetted stock, to Canada is projected to decline gradually from 2024 to 2028, with the value in volume decreasing from 7.4652 to 7.3124 million kilograms. As of 2023, the import quantity was relatively stable, suggesting a consistent demand prior to the forecasted decline. Year-on-year, the reduction represents a negative growth rate, although modest. Over the five-year period, this trend illustrates a compounded annual growth rate (CAGR) that signifies a slight contraction in imports.
Future trends to watch for include:
- Potential shifts in global market demand for cotton waste affecting import volumes.
- Changes in Canadian textile industry practices that might influence the need for imported cotton waste.
- Economic and trade policy developments that could impact international supply chains.
