In 2023, the production volumes of textiles, wearing apparel, and leather products in France were reported at 15.93 billion euros. Over the next five years, a steady decline is forecasted, with a reduction from 15.64 billion euros in 2024 to 14.51 billion euros in 2028. Year-on-year, the industry is expected to see a gradual decrease: 1.86% from 2024 to 2025, 1.89% from 2025 to 2026, 1.86% from 2026 to 2027, and 1.83% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is forecasted at -1.89%.
Future trends to watch for:
- Technological advancements impacting production efficiency and cost.
- Shifts in consumer preferences towards sustainable and ethical products.
- Potential market expansion through digital platforms and e-commerce.
- Impacts of international trade policies and regulations.
