In the first quarter of 2025, imports slumped by 51.96 per cent quarter-on-quarter. However, they rose by 9 per cent compared to $19.315 million recorded in the first quarter of 2024, according to Fibre2Fashion's market insight tool TexPro.
Imports increased to $23.873 million in Q2, $40.360 million in Q3, and $43.847 million in Q4 of 2024.
Canada’s total imports of blankets and travelling rugs stood at $127.396 million in 2024, recovering from $116.476 million in 2023. Imports were valued at $150.598 million in 2021 and showed a declining trend until 2023. In 2022, the trade value was recorded at $144.110 million.
About 84.38 per cent of Canada's imports of blankets and travelling rugs in Q1 2025 came from the Asia-Pacific region. Europe and North America contributed 8.10 per cent and 6.40 per cent respectively. Canada’s imports from the Asia-Pacific region were valued at $17.772 million, from Europe at $1.706 million, and from North America at $1.348 million, as per Texpro.
Country-wise analysis indicates that China was the largest supplier, accounting for $12.874 million or 61.12 per cent of the total imports. Imports from India stood at $1.870 million (8.88 per cent), Cambodia $1.686 million (8.01 per cent), the United States $1.210 million (5.75 per cent), and Portugal $1.157 million (5.50 per cent).
ALCHEMPro News Desk (KUL)
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