The output of textiles, wearing apparel, and leather products in France stood at 17.15 billion Euros in 2023, marking a 3.21% increase from the previous year. The compound annual growth rate (CAGR) over the last five years was 0.15%. The industry experienced fluctuations, with notable declines in 2020 due to the pandemic, and gradual recovery thereafter. Forecasts suggest a steady growth with a projected CAGR of 0.44% from 2024 to 2028.
Future trends to watch for:
- Integration of sustainable practices in production.
- Technological innovations enhancing efficiency.
- Shifts in consumer preferences towards eco-friendly products.
- Potential impacts of global trade policies.
