Between 2013 and 2023, the output of clothing in Canada has shown fluctuations, with periods of growth and decline. In 2023, the output stood at 3.27 billion Canadian dollars. Notable trends include a significant drop in 2020 attributed to the pandemic, followed by a year-on-year growth averaging around 6% in subsequent years. The forecast from 2024 to 2028 indicates a steady but modest growth with a 5-year CAGR of 0.55%.
Future trends to watch for include:
- Technological innovations enhancing production efficiency.
- Increasing consumer demand for sustainable and ethical fashion.
- Potential impact of global trade policies on the Canadian clothing industry.
