In 2023, the production volume of textiles, wearing apparel, and leather products in Germany stood at an estimated value of 21.73 billion euros. Forecasted data indicates a steady decline in production volumes, with figures expected to drop to 21.48 billion euros in 2024, reaching 20.48 billion euros by 2028. This represents a year-on-year decline of approximately 1% to 1.2%, resulting in a negative compound annual growth rate (CAGR) over this five-year period.
Future trends to watch for:
- Impact of sustainability and eco-friendly practices on production volumes.
- Technological advancements in manufacturing and automation.
- Germany’s response to global supply chain disruptions.
