In 2023, the production of textiles and wearing apparel in Austria stood at 1.85 Billion Euros. From 2024 to 2028, a steady decline is projected: 2024 (1.85 Billion Euros), 2025 (1.81 Billion Euros), 2026 (1.77 Billion Euros), 2027 (1.72 Billion Euros), and 2028 (1.68 Billion Euros).
Year-on-year variations show a gradual decline:
- 2025: -2.16%
- 2026: -2.21%
- 2027: -2.82%
- 2028: -2.91%
The Compound Annual Growth Rate (CAGR) over this period is approximately -2.40%, indicating a consistent downward trend.
Future Trends to Watch For:
- Adoption of sustainable and eco-friendly production methods.
- Integration of advanced technologies like automation and AI.
- Shifts in consumer preferences towards locally produced goods.
- Impact of global trade policies and economic conditions.
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