The production value of textiles, wearing apparel, and leather products in France exhibited fluctuating trends between 2013 and 2023. Starting from 15.9 billion euros in 2013, the industry's value slightly decreased, followed by a general upward trend until a significant drop in 2020 due to disruptions, presumably caused by global events like the COVID-19 pandemic. After a recovery phase in 2021, the value stabilized around the mid-16 billion euro range. As of 2023, the production value stood at 16.41 billion euros, showing a minor decrease of 0.9% from the previous year.
Looking ahead, the industry is projected to decline gradually, with a forecasted value of 15.63 billion euros by 2028. The five-year compound annual growth rate (CAGR) is expected to be -0.77%, indicating an average annual reduction in value.
Future trends to watch for include:
- The impact of sustainable and eco-friendly manufacturing processes on production costs and value.
- Technological advancements and digital transformation in the textile and apparel industry.
- Potential shifts in consumer preferences toward locally produced goods in response to sustainability concerns.
- Global economic conditions and trade policies affecting the French textile and apparel market.
