The wearing apparel manufacturing sector in Canada sees a gradual increase in gross value added from 2024 to 2028, with values rising modestly from 1.46 billion CAD in 2024 to 1.52 billion CAD in 2028. Considering the last reported figure for 2023, which was 1.44 billion CAD, we observe consistent but small year-on-year increments, averaging a compound annual growth rate (CAGR) of approximately 1.36% over the five-year period.
Future trends to watch for include:
- Increased adoption of sustainable materials, which may drive new opportunities in eco-friendly apparel production.
- The potential impact of technological advancements like automation on production efficiency and cost.
- Changing consumer preferences and spending patterns, particularly towards digital retail and personalized fashion experiences.