In 2023, the re-import of cotton sewing thread to Canada was 39 kilograms. From 2024 onwards, forecasts indicate a consistent decline, with volumes expected to decrease from 34 kilograms in 2024 to 13 kilograms by 2028. The year-on-year variation shows a steady decrease, with significant drops of approximately 15% each year. Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) reflects an average annual decrease of around 17%.
Future trends to watch for include the impact of changing trade agreements, shifts in domestic production capabilities, and technological advancements in textile manufacturing that could alter import dynamics.
