By 2023, the value added of textiles and wearing apparel in Italy was 16.9 billion euros. Forecasts indicate a modest annual growth, reaching 17.01 billion euros by 2028, marking a compound annual growth rate (CAGR) close to 0.12% from 2024 to 2028.
Future trends to watch for:
- Technological advancements, such as smart textiles and digital fashion, could drive innovation and create new market segments.
- Increased focus on sustainable and ethical fashion may influence demand and production processes.
- Potential impact of global economic conditions and trade policies on the Italian textile industry.