The import of polyester yarn mixed mainly or solely with artificial staple fibers to Canada is projected to increase steadily from 2024 to 2028. The volume of imports is forecasted to rise from 271.45 thousand kilograms in 2024 to 315.6 thousand kilograms in 2028. Compared to the actual import levels in 2023, which stood at 260.15 thousand kilograms, this represents an upward trend.
Year-on-year growth in import volume is expected to be around 4.2% from 2023 to 2024, followed by a steady increase ranging approximately between 4.2% and 3.5% annually through 2028. The compound annual growth rate (CAGR) for this period is estimated at 4%.
Future trends to watch for include:
- Potential impacts of trade agreements or tariffs on synthetic materials.
- Technological advancements in polyester yarn production and their influence on demand.
- Environmental regulations influencing the use and import of synthetic fibers.
- Shifts in market demand towards sustainability and eco-friendly materials.