In 2023, imports of flat knitting machines and stitch-bonding machines to Canada stood at 11,000 units. The forecasted data from 2024 indicates a steady increase, with slight year-on-year growth at about 0.18% annually. The compounded annual growth rate (CAGR) from 2024 to 2028 is expected to be roughly 0.09%.
Future trends to watch for include:
- Impact of new trade agreements and policies on import levels.
- Technological advancements in knitting and bonding machinery.
- Potential shifts in demand due to changes in the Canadian textile and apparel markets.
