Abstract
Canada is a major textile and clothing (T&C) producer on the world market,
with its main strengths
across a range of specialised product lines such
as sports and activewear. It is not, however, a significant
exporter, with
the bulk of production sold on the domestic market. BMI ranks it as number
nine in the
world in terms of textile and clothing manufacturing value
added. In nominal terms we estimate that to
have been worth US$11.66bn in
2008. Like its neighbour to the south - the United States - Canada faces
a
sharp recession in 2009, which is creating very difficult conditions for the
T&C industry.
Overall Canadian textile and clothing value added will
contract by 5.6% in 2009, and remain flat in 2010,
reflecting very
difficult international economic conditions. We see a moderate recovery
setting in from
2011, with growth of 2.0%. The industry' s trade
performance will also reflect the especially difficult
international
economic situation. Combined T&C exports will drop 11.4% this year to
US$3.82bn, with
T&C imports falling 7.1% to US$12.76bn. As a result, there
will be a T&C deficit of US$8.94bn.
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