Canada’s industrial fabric for spinning and weaving generated $3.6 billion in revenue in 2023, spread across more than 1,300 companies and 12,800 jobs. In the face of price competition from imports and the outsourcing of garment manufacturing to regions like Asia, local players have shifted their focus toward technical textiles (automotive, healthcare, civil engineering) and high-end home furnishings—segments that are less sensitive to labor costs and valued for their quality.
Process automation, proximity to end markets, and R&D innovation capacity remain the main drivers of competitiveness, while tensions in cotton supply and exchange rate volatility continue to demand rigorous supply chain management.
Three indicators illustrate the strength and momentum of the market: business volume, profitability, and projected growth rate.
Total value of textile products sold by Canadian spinners and weavers.
Share of revenue converted into earnings before interest and taxes, driven by specialization in high-value technical textiles.
Average anticipated annual revenue growth over five years, fueled by demand in construction, automotive, and medical protection sectors.
The rise in performance standards (lightness, strength, durability) will drive investments in advanced fibers, while the recovery in the residential sector will support demand for interior textiles.
Exports to the United States will remain crucial, but the strict enforcement of USMCA rules of origin will require exemplary traceability. At the same time, the increasing integration of circular processes (fiber recycling, resource efficiency) is expected to enhance the appeal of local production for clients attentive to ESG criteria.
In this context, technological alliances and capacity rationalization will help preserve margins while supporting a moderately growing market.
Three indicators illustrate the strength and momentum of the market: business volume, profitability, and projected growth rate.
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