In 2023, the import value of textile fabric used in paper-making weighing 650 g/m2 or more to Canada stood at an actual value. Forecast data from 2024 to 2028 indicates a gradual decline, starting at $37.125 million USD in 2024 and decreasing annually to reach $35.222 million USD by 2028. The trend reveals a slight reduction in imports year-on-year, with a cumulative annual growth rate (CAGR) showing a steady average decrease over the five-year forecast period.
Future trends to watch for include:
- Potential shifts in global textile supply chains that could impact import volumes.
- Technological advancements in paper-making processes that might influence demand for these specific textile fabrics.
- Environmental policies increasing the appeal of alternative materials, potentially affecting traditional textile imports.
