The volume of raw silk imports to Canada is projected to decrease significantly from 2024 to 2028, starting from 721.3 kilograms in 2024 to just 23 kilograms in 2028. This forecast suggests a steady year-on-year decline, emphasizing a sharp reduction in demand or availability. By 2024, imports had already reduced from their 2023 levels, marking the beginning of a downward trend. From 2024 to 2028, the compound annual growth rate (CAGR) indicates an average annual decline, reflecting a considerable contraction over the five-year period.
Future trends to watch for include potential shifts in domestic silk production, changes in garment industry demand, and global supply chain developments that could influence Canada's silk import strategies. Monitoring consumer preferences for silk products and any emerging substitutes will be essential for anticipating further changes in import volumes.
