The forecast for Canada’s import of degreased shorn wool from 2024 to 2028 indicates a declining trend. Starting at 118.26 thousand kilograms in 2024, the import volume decreases to 52.2 thousand kilograms by 2028. The year-on-year analysis reveals significant declines: approximately 14.4% from 2024 to 2025, 16.5% from 2025 to 2026, 19.3% from 2026 to 2027, and 23.5% from 2027 to 2028. These figures demonstrate a consistent downward trend, with the compound annual growth rate (CAGR) averaging a decrease of 19.7% over the five-year forecast period.

Future trends to watch for include:

Shifts in global demand for degreased shorn wool that may influence import volumes.
Changes in trade policies and tariffs that could affect Canada’s wool import market.
Emergence of alternative fibers or synthetic substitutes that could impact wool demand.
Environmental regulations impacting wool production or transport.