In 2023, Canada's textiles, wearing apparel, and leather products manufacturing output reached approximately 6.08 billion Canadian dollars. Forecast data from 2024 to 2028 indicates a slight decline, with the value decreasing steadily from 6.03 billion in 2024 to 5.87 billion in 2028. This represents a continuous year-on-year reduction, reflecting an average compound annual growth rate (CAGR) of approximately -0.68% over the five-year period.

Future trends to watch for include:

Potential impact of digitalization and automation in manufacturing processes.
Shifts in consumer preferences towards sustainable and ethically produced goods.
Possible changes in trade policies and their effects on imports and exports.
Economic conditions influencing consumer purchasing power and overall demand.