The forecast for re-imports of felt not of wool or fine animal hair to Canada shows a consistent downward trend from 2024 to 2028, with values decreasing from $626.86 in 2024 to $241.67 in 2028. The data indicates significant year-on-year declines: 15.8% from 2024 to 2025, 18.4% from 2025 to 2026, 22.1% from 2026 to 2027, and 27.9% from 2027 to 2028. This suggests an average annual decrease, or CAGR, of 21.4% over the period.
Future trends to watch for include:
- Potential shifts in demand for alternative materials that may further impact re-import volumes.
- Changes in trade policies or economic factors affecting the Canadian market.
- Innovations in domestic production capabilities reducing reliance on re-imports.
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