In 2023, the Knitted and Crocheted Apparel Gross Value Added (GVA) per employee FTE in France was estimated at €71.8 thousand. From 2024 onwards, forecasts indicate a gradual annual increase. In 2024, the GVA per employee is expected to rise to €72.5 thousand and continue increasing to €75.6 thousand by 2028, reflecting an average annual growth rate or CAGR of approximately 1.32% over this five-year period. The year-on-year variations suggest steady growth in the sector with annual increments averaging around 0.8% to 1.1%.
Key future trends to monitor include:
- Technological advancements in knitting and crocheting processes improving productivity.
- Potential shifts in consumer preferences towards sustainable and ethically produced garments.
- Impact of macroeconomic factors, such as European trade policies and economic stability, which may influence investment and operational costs in the sector.
- Adoption of new marketing strategies to expand customer reach and solidify brand presence.