The forecasted re-import of silk to Canada shows a consistent decline from 2024's 1.88 thousand US dollars to 2028's 0.44133 thousand US dollars. This marks a significant downward trend in the re-import value, reflecting an annual compounded average decline. The re-import value for 2023 was notably higher before this forecasted decrease began. Year-on-year percentage decreases are substantial, indicating a rapid contraction in Canada’s silk re-import market.
Future trends to watch for include:
- Potential shifts in global silk supply and demand dynamics.
- Economic factors in both producer and consumer countries affecting import capacities.
- Technological advancements potentially altering the silk industry's landscape.