In 2023, the import value of knitted or crocheted hosiery of wool or fine animal hair to Canada stood at 26.05 million USD. Forecasts predict a steady increase, with a value expected to reach 29.826 million USD by 2028. This represents an average annual growth rate (CAGR) of 2.7% over five years. Notably, the year-on-year growth from 2024 to 2025 is projected at 2.94%, followed by a consistent upward trend through 2028.

Future trends to watch for include:

Potential shifts in consumer preferences towards sustainable and ethical fashion, potentially influencing material and sourcing decisions.
Changes in the global supply chain dynamics, specifically related to wool production and export conditions.
Economic factors such as currency fluctuations and trade policies affecting international trade costs.