The turnover in the textile finishing industry in Denmark stood at 23.5 million euros in 2023. The forecasted figures from 2024 to 2028 show a steady decline: 21.7 million euros in 2024, 19.8 million euros in 2025, 18.0 million euros in 2026, 16.1 million euros in 2027, and 14.3 million euros in 2028. The year-on-year variations are:
• 2024: -7.66%
• 2025: -8.76%
• 2026: -9.09%
• 2027: -10.56%
• 2028: -11.18%
This results in a Compound Annual Growth Rate (CAGR) of -9.4% over the five-year period.
Future trends to watch for include technological advancements in textile finishing processes, shifts towards sustainable and eco-friendly textiles, and potential impacts of global economic conditions on the textile industry in Denmark.
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