The Netherlands' wearing apparel sector has experienced significant fluctuations in production value over the past decade. In 2023, production was valued at 408.2 million Euros. Starting from 2013, the sector saw periods of both growth and contraction. Notably, the sector experienced sharp declines in 2015 and 2020, with a significant impact in 2020 due to global disruptions. However, recovery efforts have shown positive trends, with a notable 8.02% year-on-year increase in 2023. Over the last two years, there was also a positive variation with increments of 13.83% in 2022 and 8.02% in 2023.
Over the last five years, the sector's compound annual growth rate (CAGR) stands at approximately 0.91%, indicating moderate recovery and growth. Forecasts suggest a somewhat stable yet slightly declining trend from 2024 onwards, with a forecasted 5-year CAGR of -0.1% by 2028 and an overall decline of 0.49% in growth rate by 2028.
Future trends to watch for include technological advancements in clothing production, the increasing importance of sustainable practices, and potential impacts of global trade policies. Monitoring consumer preferences towards environmentally friendly apparel and the sector's adaptability to these changes will be crucial for sustained growth.
