Textile Mills in Canada - Industry Market Research Report
Description
Textile Mills in Canada
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 domestic mills. A shrinking downstream apparel market and a dip in exports have caused revenue to creep downward during the period. Even so, more home furnishing textiles and shifting producing protective equipment during the pandemic provided a safety net for textile mills, preventing a significant slump in revenue. Nonetheless, some mills experienced closures and were forced to exit entirely because they were unprofitable. Overall, textile mills' revenue is expected to decline at a CAGR of 2.9% to $3.6 billion over the past five years, including a decrease of 3.0% in 2023 alone.
The Textile Mills industry in Canada 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 or 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.
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 domestic mills. A shrinking downstream apparel market and a dip in exports have caused revenue to creep downward during the period. Even so, more home furnishing textiles and shifting producing protective equipment during the pandemic provided a safety net for textile mills, preventing a significant slump in revenue. Nonetheless, some mills experienced closures and were forced to exit entirely because they were unprofitable. Overall, textile mills' revenue is expected to decline at a CAGR of 2.9% to $3.6 billion over the past five years, including a decrease of 3.0% in 2023 alone.
The Textile Mills industry in Canada 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 or 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.
Table of Contents
40 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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