As of 2023, the re-import of men's or boys' shirts knitted or crocheted to Canada was valued at 49.56 thousand US dollars. From 2024 to 2028, there is a forecasted decline in this market segment, with values decreasing annually from 48.29 thousand US dollars in 2024 to 43.45 thousand US dollars in 2028. This shows a year-on-year average decline. The compound annual growth rate (CAGR) over these five years is negative, indicating consistent contraction of this market.
Future trends to watch for:
- The impact of trade agreements and tariffs on the re-importation of apparel.
- Changes in consumer preferences, possibly favoring local or more sustainable production.
- Technological advancements in textile recycling that might affect re-import dynamics.