The import value of pre-shave, shaving, and after-shaving preparations to Canada has been on a decline since 2013, with a few fluctuations. In 2023, the import value stood at 30.3 million USD. Over the last two years, the year-on-year variations were -1.61% in 2022 and -1.6% in 2023, indicating a consistent downward trend. The five-year compound annual growth rate (CAGR) ending in 2023 was -2.55%, hinting at a gradual decrease. The forecast for 2028 suggests a continued decrease, with a predicted CAGR of -1.41% and an overall growth rate decline of 6.85% from 2023.
Future trends to watch for:
- Technological advancements in grooming products and shifting consumer preferences towards electric shaving can alter import demands.
- Changes in economic conditions or trade policies may impact the import dynamics.
- Increasing focus on sustainability and eco-friendly products could influence purchase decisions and import volumes.
