The import of nonwovens textiles except felt to Canada has experienced varied growth over the last decade. From 2013 to 2023, the value has increased from $394.61 million to $538.89 million with notable fluctuations. Significant increases were observed in 2017 and 2018 with 9.64% and 9.44% year-on-year variations, respectively. In contrast, 2019 and 2020 saw decreases of -3.74% and -1.03%. The five-year CAGR from 2019 to 2023 is 1.56%, indicating modest growth.
For the period starting from 2024 through to 2028, the market is anticipated to continue its growth trajectory, with a forecast CAGR of 1.82%, translating to an overall growth rate of 9.44% over the next five years. This suggests a steady but moderate increase in imports.
Future trends to watch for include:
- Innovation in nonwoven materials and applications, potentially driving higher demand.
- Trade policy changes and international market developments impacting import levels.
- Sustainability and environmental regulations influencing the industry dynamics.
- Technological advancements and automation in manufacturing processes.
