In 2023, the re-import value of yarn of wool or of fine animal hair to Canada was at $138.00 thousand. Forecast data from 2024 to 2028 indicates a declining trend, with the value decreasing from $135.05 thousand in 2024 to $123.66 thousand by 2028. Year-on-year variations show an average annual decrease of approximately 2% over this period, highlighting a consistent downward trend in the forecast.
Potential future trends to watch for include:
- Shifts in domestic production capacity or preferences that might affect import needs.
- Global economic changes impacting supply chains and raw material costs.
- Environmental policies influencing the sourcing and utilization of wool and fine animal hair.