From 2013 to 2023, the opening inventories of nonwoven fabric mills in Canada showed fluctuations with significant peaks and troughs. The values stood at CAD 76.36 million in 2023, up by 4% from the previous year. The past decade's annual growth rate varies notably, with key spikes in 2017 (47.14%) and a substantial decrease in 2018 (-15.06%). The compound annual growth rate (CAGR) over the past five years is 5.56%, indicating a stable trend with moderate growth.
Future trends to watch for include:
- Consistent moderate growth with a forecasted 5-year CAGR of 2.71% and an overall growth of 14.3% by 2028.
- Potential impacts from technological advancements and global supply chain dynamics on inventory levels.
