In 2023, the production of textiles and wearing apparel in Germany was valued at 19.33 billion Euros. Forecasted data indicates a gradual decline over the next five years, starting at 19.19 billion Euros in 2024 and decreasing to 18.64 billion Euros by 2028. The year-on-year variation shows a consistent decline of approximately 0.7% to 0.8%. Over the last two years, this decline has been around 0.7%, while the CAGR for the past five years stands at approximately -0.7% annually.
Future trends to watch for include the impact of sustainable practices on production costs, potential shifts in consumer demand towards eco-friendly apparel, and the influence of technological advancements like automation and smart textiles on industry efficiency and output levels.
