Forecast: Output of Textiles, Wearing Apparel, Leather Products in Canada

The output of textiles, wearing apparel, and leather products in Canada was CAD 7.01 billion in 2023, showing a year-on-year increase of 0.88%. The sector has demonstrated a mixed growth trend over the last decade, with notable dips in 2020 due to a 9.42% decline but recovering steadily post-2021. The 5-year CAGR from 2019 to 2023 stood at 0.06%, indicating marginal annual growth.

Key future trends to watch for include:

- Technological advancements in manufacturing processes

- Sustainable and eco-friendly production practices

- Supply chain disruptions and global trade dynamics

- Growing consumer demand for high-quality, locally-manufactured goods.