The Textile Mills industry has grown over the past five years, despite the contracting downstream apparel market and rising import penetration. A depreciating Canadian dollar has stimulated industry export growth over the period by making industry textiles more affordable abroad. Additionally, given that the vast majority of industry exports are sold in the United States, expanding US manufacturing and construction markets have driven demand for competitively priced technical textiles produced by industry operators. However, industry revenue is expected to contract over the next five years as the domestic apparel market continues to shrink and textile manufacturers abroad gain a competitive edge in both domestic and foreign markets. These losses will be compounded by a substantial decline in industry exports, driven by the anticipated appreciation of the Canadian dollar.
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.