As of the forecast for 2024, the import value of raw furskins into Canada is expected to start at 179.07 million USD. A downward trend is projected over the subsequent years, with values declining to 167.09 million USD by 2028. This indicates a consistent decrease in importation, averaging a year-on-year percentage drop of approximately 1.7% over this period. The compound annual growth rate (CAGR) signifies an average yearly decline in import values. In 2023, the import value stood at a level that predates the decline beginning in 2024.

Future trends to watch include:

Potential shifts in fashion and ethical considerations influencing demand for raw furskins.
Impact of regulatory changes or trade agreements affecting furskin imports.
Technological advancements in synthetic alternatives potentially reducing the need for raw furskins.