The forecast for Canada's knitted or crocheted pile fabric market indicates a declining per capita value from $1.49 in 2024 to $1.24 by 2028. In 2023, the per capita value was $1.55, reflecting a downward trend. Year-on-year, the value decreases from 2024 through 2028, with a percentage decrease from 4.03% in 2025 to approximately 4.62% by 2028. The Compound Annual Growth Rate (CAGR) projects a consistent decline of about 3.65% per year over this period.

Future trends to watch for include:

Shifts in consumer preference towards alternative fabrics.
Potential impact of policy changes related to textile imports and environmental regulations.
Technological advancements in fabric production that might alter cost structures or market demand.