In 2023, Italy led European spending on R&D in wearing apparel with 354.19 million Euros, showing a slight decrease of 0.78% from the previous year. Sweden followed with 15.03 million Euros, indicating stable investment. Portugal displayed the most significant growth at 14.38%, reaching 12.87 million Euros. Poland and the Czech Republic saw moderate increases at 2.2% and 2.32%, respectively. Malta experienced a notable decline of 5.91%. Belgium, Spain, Finland, and Hungary maintained modest activity within this sector.
Future trends to watch include:
- Italy's ability to stabilize and reverse its slight decline.
- Whether Portugal can sustain its robust growth rate.
- Potential increases in R&D investment across other European countries, driven by digital transformation and sustainability initiatives.
Top countries in Business Expenditure on R&D in Wearing Apparel Manufacturing by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 354.19 | 2023 | +7.93% | -0.78% | View data |
| 2 | 2 Sweden | 15.03 | 2023 | +42.86% | View data | |
| 3 | 3 Portugal | 12.87 | 2023 | +5.08% | +14.38% | View data |
| 4 | 4 Spain | 9.23 | 2021 | View data | ||
| 5 | 5 Finland | 5.33 | 2021 | +11.97% | View data | |
| 6 | 6 Poland | 4.72 | 2023 | +28.75% | +2.2% | View data |
| 7 | 7 Belgium | 4.45 | 2021 | +14.25% | View data | |
| 8 | 8 Hungary | 2.2 | 2021 | View data | ||
| 9 | 9 Czech Republic | 0.66 | 2023 | +4.73% | +2.32% | View data |
| 10 | 10 Malta | 0.059 | 2023 | +37.21% | -5.91% | View data |
