The value-added of textiles, wearing apparel, and leather products in Germany has shown fluctuations over the past decade. In 2023, it stood at 7.52 billion euros. The industry experienced significant downturns in 2015 and 2020, but saw a notable recovery in 2021. Between 2018 and 2023, the annual average change was relatively stagnant, with a CAGR of -0.09%. The 5-year forecast indicates a modest growth with a forecasted CAGR of 0.22% and overall growth rate of 1.09% up to 2028.
Future trends to watch for:
- Innovation in sustainable and eco-friendly textiles
- Growth of e-commerce and digital retail channels
- Impact of global supply chain disruptions
