The forecasted import value of carded or combed staple fibers of acrylic or modacrylic to Canada shows a declining trend from 2024 to 2028. In 2023, the actual import value stood at $3.62 million. From this point, projections indicate a year-on-year decrease of approximately 6.2% in 2024, 6.2% in 2025, 6.5% in 2026, 6.8% in 2027, and 7.1% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is about -6.6%, reflecting a consistent downward trend in import values.

Future trends to watch for:

Global demand fluctuations for acrylic and modacrylic fibers influenced by changes in fashion and textile industries.
Technological advancements in domestic manufacturing could reduce reliance on imports.
Trade policies impacting import tariffs or quotas may affect future import levels.
Environmental and sustainability trends driving shifts towards alternative fibers.