Forecast: Production of Textiles, Wearing Apparel, Leather Products in Germany

The production of textiles, wearing apparel, and leather products in Germany has seen various fluctuations over the past decade. In 2023, it stood at 22.54 Billion Euros. Observing the recent years, there is a slight year-on-year decline of 0.46% from 2022 to 2023. Over the last two years (2022 to 2023), the trend has been relatively stable with minor declines. Looking at the longer-term trends, the compound annual growth rate (CAGR) over the past 5 years is -1.44%, indicating a gradual contraction in the sector.

Forecasts from 2024 to 2028 predict a continued slow decline, with a forecasted 5-year CAGR of -0.39% and an overall growth rate decrease of 1.93% by 2028.

Future trends to watch for include:

  • Impact of technological advancements and automation in textile production.
  • Shifts in consumer behavior towards sustainable and ethically-produced apparel.
  • Global economic conditions and their effect on export demand.
  • Industry responses to environmental regulations and their influence on production costs.

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