The market is dominated by foreign suppliers, as imports account for 87.8% of total market size in 2022. Households drive market demand, with household spending representing 97.0% of total demand in 2022. Canada has the eighth largest market size for knitted and crocheted articles across the top 20 developed countries, with demand reaching USD5.7 billion in 2022. The total number of companies decreases in 2022, to 239 units. The costs of the industry decrease by 21.3% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 15.3% of production value in 2022, the fourth highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 25.7% of total production output. With production value of USD162 million, Canada accounts for 4.3% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Knitted and Crocheted Articles in Canada: ISIC 173. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Knitted and Crocheted Articles in Canada: ISIC 173 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of cordage, rope, twine and netting, finishing of textiles, made-up textile articles, spinning of textile fibers; weaving of textiles, tanning and dressing of leather, and technical textiles, labels, badges and other textile products.
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