In 2023, the value added of clothing manufacturing in Canada stood at 1.84 billion Canadian Dollars. Forecasts show a consistent growth trend from 1.916 billion CAD in 2024 to 2.2172 billion CAD in 2028.
Year-on-year growth rates are consistent:- 2024: +4.14%- 2025: +4.0%- 2026: +3.8%- 2027: +3.6%- 2028: +3.5%
CAGR over 2024-2028 is +3.8%. Future trends to watch for include technological advancements in manufacturing, shifts in consumer preferences towards sustainable fashion, and potential trade policy changes impacting the sector.
