Textile Mills in Canada - Industry Market Research Report

Textile Mills in Canada - Industry Market Research Report

  • June 2019 •
  • 35 pages •
  • Report ID: 4563998 •
  • Format: PDF
Ripped seams: Shifting exchange rates will limit revenue opportunities for industry operators

Abstract

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 Canada, decreasing demand for industry products. However, despite a shrinking downstream apparel market, the industry expanded over the five years to 2019, driven by strong export growth. The depreciation of the Canadian dollar has stimulated industry revenue in recent years. Despite the industry’s recent growth, high and rising import penetration has continued to pose a significant threat to industry operators. While external competitive pressures have forced total industry participation to decline in recent years, heavy investment in research and development has enabled the remaining operators to preserve selling prices and minimize production costs during the period. Over the five years to 2024, 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.

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 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.
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