In 2023, the import value of articles of apparel and clothing accessories not knitted or crocheted to Canada stood at approximately $5.1 billion. From 2024 to 2028, forecasts indicate a gradual increase in import value, with a year-on-year growth ranging from 1.89% to 1.68%. The compound annual growth rate (CAGR) over these five years is expected to be around 1.82%, suggesting a steady upward trend in imports.
Future trends to watch for include the impact of international trade policies and economic conditions, consumer preference shifts towards sustainable fashion, and technological advancements in apparel production. These factors could significantly influence import patterns and market dynamics over the coming years.
