From 2023 to 2028, Canada's import of woven fabric of coarse animal hair or horse hair shows a decreasing trend. With a forecasted volume of 6.64 thousand kilograms in 2024, the import volume declines steadily each year, reaching 5.04 thousand kilograms by 2028. The year-on-year decline from 2024 to 2028 ranges between approximately 6% to 8%, signaling a continued reduction in demand or availability. The compound annual growth rate (CAGR) over this period demonstrates a consistent contraction in import volume.
Future trends to watch for include potential shifts in consumer preferences towards alternative materials, regulatory changes affecting animal products, and economic factors impacting trade dynamics. Additionally, advancements in domestic production capabilities might influence import levels. Monitoring these factors will be crucial for stakeholders in the textile and fashion industries.
