The import of linoleum and floor covering with coating on textile backing to Canada is forecast to decline steadily over the next five years. From a value of 6.4953 million USD in 2024, it is expected to decrease each year to reach 4.1492 million USD by 2028. This indicates a consistent year-on-year decrease, with 2025 seeing an approximate 9.3% drop from 2024, 2026 experiencing around a 10% decline from 2025, continuing with similar trends in the subsequent years, culminating in a compounded average annual growth rate (CAGR) of -10% over this period.
For the years leading up to 2023, while specific data is not provided, it can be inferred that the figures in 2023 were higher, suggesting an ongoing downward trend. Future trends to watch for include:
- Changes in Canadian construction and renovation sectors that may affect demand.
- Shifts in exchange rates influencing import costs.
- Technological advancements possibly offering alternatives.
