In 2023, the wages and salaries for made-up textile articles (except apparel) in France were estimated at just under 320 million Euros. The forecast from 2024 to 2028 suggests a gradual decline, starting at 318.1 million Euros in 2024 and reducing to 317.2 million Euros by 2028. The year-on-year percentage change reflects a steady but marginal decrease over these years, averaging a negative compounded annual growth rate (CAGR) indicating slight industry contraction.
Future trends to watch for:
- Impact of automation and technology on labor costs.
- Changes in consumer demand affecting production levels.
- EU policy regulations potentially influencing wage structures.
- Global trade dynamics affecting the French textile market.
