The textiles, wearing apparel, and leather products manufacturing output in Spain exhibited notable variations over the years. The actual data showcases slight growth from 2013 to 2017, with minor fluctuations reaching a peak in 2017. The subsequent years, however, marked a downturn, most drastically in 2020 due to external disruptions. The sector saw a recovery phase during 2021, albeit not reaching pre-2020 levels. By 2023, the output stood at 19.23 Billion Euros. The forecast data projects a gradual decline resuming post-2023 with a five-year CAGR of -0.45%, ultimately reflecting a marginally decreasing trend.
Future trends to watch for:
- Technological advancements in textile manufacturing processes.
- Shifts towards sustainable and eco-friendly production methods.
- Impact of global trade policies on the Spanish textile export market.
- Consumer demand dynamics influenced by changing fashion trends and economic conditions.