In 2023, the import of cotton waste to Canada stood at an actual figure which is not provided in the dataset. Forecasting into 2024 and beyond, there is a clear downward trend in import values, decreasing from 3.592 million USD in 2024 to 3.0783 million USD by 2028. This reflects a consistent annual decline in imports, indicating potential increased domestic recycling efforts or a shift towards alternative materials. Year-on-year, the import decreases by around 3.5-4% annually, while the compound annual growth rate (CAGR) over the forecast period is negative, emphasizing a persistent decline.
Future trends to watch for include potential changes in global cotton waste supply and recycling policies in Canada, as well as shifts in textile industry practices that affect waste production and import needs. Additionally, the evolving economic landscape and trade agreements may impact these import patterns further.
