Textile Mills in Canada
In recent decades, widespread offshoring of apparel manufacturing has been detrimental to the Textile Mills industry in Canada, as distant apparel manufacturers are unlikely to source their textiles from Canada, decreasing demand for industry products. However, despite a shrinking downstream apparel market, the Textile Mills industry has expanded over the past five years, driven by strong export growth. Despite the industry's recent growth, high and rising import penetration has continued to pose a significant threat to industry operators. Moving forward, the industry is expected to resume its long-term decline, as shifting exchange rates and the ongoing decline of the domestic apparel manufacturing sector limit revenue opportunities for industry operators. For instance, the Canadian dollar is expected to appreciate slightly over the five years to 2023, making industry products more expensive and less desirable on the global market.
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.
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