Global Business Enterprise R&D Expenditure in Manufacture of Textiles, Wearing Apparel, Leather and Related Products Share by Country (Million US Dollars PPP = 2015)

The 2023 data reveals that China leads in R&D expenditure in the textile and apparel sectors with $67.8 million. Other significant contributors include Japan, Italy, and the United States. While China and Taiwan experienced a decrease, Germany and Poland saw significant growth with 5.16% and 4.33%, respectively. Estonia and Iceland showed remarkable year-on-year growth rates of 63.59% and 30.66%. However, Mexico saw a noticeable decline of 25.83%. The five-year CAGR suggests varied investment trends with emerging European countries gaining traction.

Future trends to watch include potential shifts towards sustainable practices driving investment, technological advancements in textile manufacturing, and increased R&D spending in emerging economies as these countries aim to enhance their global competitiveness in the sector.