Forecast: Output of Textiles, Wearing Apparel, Leather Products in Sweden

From 2013 to 2023, the output of Textiles, Wearing Apparel, and Leather Products in Sweden showed steady growth with some fluctuations. In 2023, the value stood at 13.51 Billion Swedish Kronas. Year-on-year growth was observed except for a significant dip in 2020 due to external factors, such as the pandemic. Since then, the sector has recovered, showing a year-on-year increase of 9.73% in 2021 and moderate growth in the years following. The Compound Annual Growth Rate (CAGR) over the past five years was 0.9%, signifying a cautiously optimistic trend.

Future trends to watch for:

  • Sustainability: Rising consumer awareness and regulatory changes will drive sustainable practices in manufacturing.
  • Technological advancements: Automation and digital solutions will enhance production efficiency.
  • Global supply chain dynamics: Fluctuations in the global supply chain could impact material availability and costs.

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