In 2023, the import value of silk yarn (excluding from waste) to Canada stood at 84.36 thousand USD. From 2024 to 2028, the forecast shows a downward trend in import value, decreasing from 83.18 thousand USD in 2024 to 78.57 thousand USD in 2028. The year-on-year percentage change reflects a slight decline, indicative of reduced demand or increased local alternatives. Additionally, the compound annual growth rate (CAGR) over the five-year period signals an average annual decrease.
Future trends to watch for include shifts in consumer preferences towards sustainable and eco-friendly textiles, which could further impact traditional silk yarn imports. Additionally, fluctuations in trade policies and tariffs may alter cost structures and competitive dynamics in the silk industry. Monitoring developments in the textile industry, such as innovations and alternative fibers, will also be essential.
