The Textile Mills industry has continuously contracted amid heightened competition from foreign operators. Revenue losses were compounded by the Great Recession, which limited domestic demand and spurred appreciation of the Canadian dollar, therefore reducing the competitiveness of industry products in the global market throughout the past five years. In the five years to 2021, industry revenue is expected to continue to decline as textile manufacturers abroad increase their competitive advantage in domestic and foreign markets. However, losses during the forecast period will be subdued as the Canadian dollar depreciates relative to other currencies. Moreover, improved global demand for textiles will temper the industry's decline. Steady drops in revenue will nonetheless indicate domestic manufacturers' waning relevance.
This industry comprises a variety of textile manufacturers. Industry operators engage in one or more of the following activities: spinning yarn from natural or synthetic fibres; manufacturing knit, woven or nonwoven fabrics; and finishing and coating textile products. This report does not include carpet nor rug mills.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.