In 2023, Canada's import of carded wool stood at [insert 2023 value], forming the baseline for future forecasts. From 2024 to 2028, the imports are forecasted to decline from $151.28K to $93.85K. This reflects a decrease of approximately 10% per year, with a compounded annual growth rate (CAGR) of about -11%. The consistent year-on-year contractions suggest a significant downward trend in carded wool imports over this period.

Future trends to watch for include:

Potential shifts in textile manufacturing trends or consumer preferences that may recalibrate demand for wool products.
Trade policy changes or global market dynamics that could impact the cost or availability of carded wool.
Innovation in alternative materials that could further reduce reliance on traditional wool imports.