In 2023, the import of not knitted or crocheted women's and girls' blouses and shirts of silk to Canada stood at approximately 11.63 million USD. Based on the forecasted data, there is a noticeable declining trend in imports from 2024 to 2028, with an average year-on-year decrease of around 2% to 4%. The Compound Annual Growth Rate (CAGR) over these five years indicates a steady decline.
Future trends to watch for include:
- Potential fluctuations in global silk prices, which could impact import costs.
- Changes in Canadian consumer preferences possibly shifting demand towards local production or alternative fabrics.
- Trade agreements or tariffs adjustments affecting import levels.
- Global economic conditions influencing consumer spending power and fashion trends.
