Between 2013 and 2023, employment in the textiles, wearing apparel, and leather products sector in France exhibited a generally downward trend, declining from 90.0 thousand units to 63.0 thousand units by 2023. The sector experienced a significant downturn after 2019, with the most notable drops in 2020 and subsequent years. The year-on-year variation became increasingly negative, culminating in a 5.63% decrease in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stood at -4.65%.
Future trends to watch for
- The forecasted employment in this sector indicates further declines, with a CAGR of -5.69% expected over the next five years.
- By 2028, the sector is projected to lose an additional 25.4% of its workforce.
- Key drivers for this trend include technological advancements, outsourcing, and shifts in consumer preferences.
Businesses in this market should remain vigilant regarding automation, sustainability practices, and evolving global supply chain dynamics to stay competitive.
