In 2023, Canada imported $123 million worth of bird skin, feathers, artificial flowers, and human hair. The forecast from 2024 to 2028 indicates a steady upward trend, with import values projected to rise to $136.86 million by 2028. Year-on-year, the import values show a yearly increase: 2.19% from 2024 to 2025, 2.14% from 2025 to 2026, 2.05% from 2026 to 2027, and 1.98% from 2027 to 2028. The compound annual growth rate (CAGR) over five years is an estimated 2.1%.
Future trends to watch for:
- Evolution of fashion trends and cultural events, which often drive demand for these goods.
- Potential trade policies and tariff changes that might impact import costs and consumer prices.
- Advancements in material sciences affecting the quality and cost of artificial substitutes.