The wholesale of textiles, clothing, and footwear sector in Denmark has exhibited fluctuations over the past decade, but overall displayed a growth trend. In 2023, the production value stood at 19.0 billion Danish Krones. The sector witnessed a slight year-on-year increase of 3.41%, compared to the previous year. The average variation per year over the last five years (2019-2023) has been slightly negative with a -0.53% CAGR.
Looking forward, the sector is forecasted to continue its growth trajectory, albeit at a moderate pace. From 2024 to 2028, the production value is expected to increase steadily, reaching 20.14 billion Danish Krones in 2028. The forecasted 5-year CAGR is positive at 0.93%, with an overall growth rate of 4.75% by 2028.
Future trends to watch for:
- Innovation in sustainable and eco-friendly textile production.
- Increased digitalization and e-commerce impact on wholesale distribution.
- Potential effects of global supply chain disruptions and geopolitical factors.
- Shifts in consumer preferences towards circular fashion.
