The value added of textiles, wearing apparel, and leather products in the Netherlands has shown a steady upward trend from 2013 to 2023, reaching 1.2 billion euros in 2023. The year-on-year variation from 2013 to 2023 has mostly been positive, with modest annual increases. The compound annual growth rate (CAGR) over the last five years was 0.46%, indicating a stable but slow-growing sector. Forecasts for the period 2024-2028 predict continued growth with an average annual increase of 0.38%, reaching 1.23 billion euros by 2028.
Future trends to watch for:
- Technological advancements in textile manufacturing and sustainability practices.
- Consumer preferences shifting towards ethical and eco-friendly products.
- Impact of economic conditions on consumer spending in the fashion and apparel sector.
- Increased competition from global textile and apparel producers.