The production in the wearing apparel sector excluding fur in France is projected to decline from 3.6 billion euros in 2024 to 2.84 billion euros in 2028, reflecting a yearly decrease. From 2024 to 2028, the production value shows a negative trend with a year-on-year decline rate, averaging a compound annual growth rate (CAGR) of -5.5% over five years. Looking back to 2023, the sector's actual production figure stood at an undisclosed value.
Future trends to watch for include:
- Sustainability and innovation initiatives that could impact production efficiency and consumer demand.
- Market disruptions due to global economic changes, impacting raw material costs and export markets.
- Potential recovery strategies post-economic downturn, focusing on digital transformation and regional supply chains.