From 2013 to 2023, the Value Added of Textiles and Wearing Apparel in the Netherlands has shown a consistent upward trend, growing from 941 million euros in 2013 to 1,060 million euros in 2023. The growth has been incremental, with a noticeable increase in 2016, where there was a 5.12% year-on-year growth. Recent years have shown a more modest growth rate, with 0.47% year-on-year growth recorded in both 2022 and 2023.
The compound annual growth rate (CAGR) over the last five years (2018-2023) has averaged at 0.44%, indicating steady, albeit slow, growth. Future projections from 2024 indicate a continued slow growth, with an average forecasted CAGR of 0.37% over the next five years and a total forecasted growth rate of 1.87% by 2028.
Future trends to watch include:
- Potential shifts in consumer preferences towards sustainable and ethically produced textiles.
- Technological advancements in textile production that could drive efficiency and innovation.
- Impact of global trade policies and economic conditions on the Dutch textile and apparel market.