Canada: Cotton Fabric Market 2024

Cotton Fabric Market Size in Canada

In 2022, the Canadian cotton fabric market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption showed a mild downturn. Cotton fabric consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Cotton Fabric Production in Canada

In value terms, cotton fabric production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild decrease. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Cotton fabric production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Cotton Fabric Exports

Exports from Canada

In 2022, overseas shipments of woven fabrics of cotton decreased by X% to X square meters for the first time since 2017, thus ending a four-year rising trend. Over the period under review, total exports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the maximum at X square meters in 2021, and then plummeted in the following year.

In value terms, cotton fabric exports declined dramatically to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then reduced rapidly in the following year.

Exports by Country

The UK (X square meters), the United States (X square meters) and Australia (X square meters) were the main destinations of cotton fabric exports from Canada, together accounting for X% of total exports. Argentina, China, Aruba, Peru, Colombia and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Aruba (with a CAGR of X.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cotton fabric exported from Canada were the United States ($X), the UK ($X) and Argentina ($X), with a combined X% share of total exports. Australia, China, Aruba, Peru, Colombia and Belgium lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Aruba, with a CAGR of X.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cotton fabric export price amounted to $X per square meter, dropping by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. The export price peaked at $X per square meter in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Aruba ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Fabric Imports

Imports into Canada

After five years of growth, supplies from abroad of woven fabrics of cotton decreased by X% to X square meters in 2022. Overall, total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X square meters in 2021, and then declined rapidly in the following year.

In value terms, cotton fabric imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

China (X square meters), Pakistan (X square meters) and South Korea (X square meters) were the main suppliers of cotton fabric imports to Canada, together comprising X% of total imports. The United States, India, Italy, Japan and Indonesia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), the United States ($X) and China ($X) were the largest cotton fabric suppliers to Canada, with a combined X% share of total imports. India, Pakistan, Japan, Italy and Indonesia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Japan, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cotton fabric import price stood at $X per square meter in 2022, with an increase of X% against the previous year. In general, the import price, however, recorded a slight setback. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2016 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per square meter), while the price for Pakistan ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :