The forecasted import value of silk waste to Canada shows a steady decline from 2024 to 2028. In 2024, the value is expected to be $51.17 thousand US dollars, decreasing annually to $48.81 thousand US dollars by 2028. This represents a year-on-year decline of approximately 1.2% to 1.3%. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 indicates a continual decreasing trend in import values.
Future trends to watch for include potential shifts in production and consumption patterns globally, trade policy changes affecting import tariffs, and technological developments that may reduce demand for silk waste in production processes. These factors could potentially alter the forecasted decline.
