Clothing & Clothing Accessories Wholesaling in Canada - Market Research Report (2014-2029)

Stitched up: Rising demand for industry products is expected to lead to revenue growth

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

The Clothing and Clothing Accessories Wholesaling industry in Canada has faced volatility in recent years. While economic growth and the accessibility of credit led to reliable increase in consumer demand for clothing and clothing accessories, the COVID-19 pandemic resulted in a massive single-year drop in revenue in 2020 as economic uncertainty caused consumers to reduce spending and downstream production ground to a halt. Although the economic recovery brought growth in downstream demand, a renewed tumble in 2023 will continue to drag down the industry. As a result, revenue is expected to contract at a CAGR of 4.3% to $13.0 billion over the five years to 2023, including a forecast decline of 12.8% during the current year alone.

Operators in this industry purchase men’s and women’s clothing, as well as clothing accessories from apparel manufacturers and sell them to retailers, generally with minimal or no further product development. Most wholesalers in this industry undertake sales and administrative activities such as establishing relationships with manufacturers and retailers, marketing and advertising their products and storing and transporting stock.