The market is dominated by foreign suppliers, as imports account for 85.7% of total market size in 2024. Households drive market demand, with household spending representing 96.5% of total demand in 2024. Canada has the eighth largest market size for knitted and crocheted articles across the top 20 developed countries, with demand reaching USD5.4 billion in 2024. The total number of companies decreases in 2024, to 131 units. The costs of the industry decrease by 4.4% in 2024, largely driven by declining B2B costs. The industry’s profitability increases and stands at 12.1% of production value in 2024, the ninth highest across the top 20 developed countries. The industry’s exports share decreases in 2024 to 18.1% of total production output. With production value of USD197 million, Canada accounts for 6.1% of the North America total in 2024.
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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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