The import of hand-made rugs, including Kelem, Schumacks, and Karamanie, to Canada is projected to show a steady increase from 2024 through 2028, with values rising from $6.5892 million to $7.5096 million. Assuming a baseline value for 2023 of $6.3604 million (calculated based on the past trend), the forecasted imports indicate year-on-year growth rates of approximately 3.6% in 2024, 3.6% in 2025, 3.4% in 2026, 3.2% in 2027, and 3.1% in 2028. The Compound Annual Growth Rate (CAGR) over this period is expected to be roughly 3.4%.
Future trends to watch for include potential fluctuations in supply chain dynamics, changes in consumer preferences toward sustainable and handmade products, and economic factors such as currency exchange rates and trade policies that could impact import levels. Additionally, evolving design trends and cultural influences may affect demand.
