In 2023, the sold production of finishing of knitted or crocheted fabrics and non-wovens in Germany was measured at 40.92 million euros. In the forecast from 2024 to 2028, a consistent annual decline is apparent, projecting a compounded annual growth rate (CAGR) of -2.71% over the five-year period. Notably, year-on-year variations from 2024 to 2028 show a steady decrease in value, reflecting a mature or contracting market.
Future trends to watch for:
- Innovations and technological advancements in textile manufacturing could potentially reverse or slow down the decline.
- Changes in global trade policies may affect production and demand, impacting Germany's textile industry.
- Environmental concerns and sustainability trends could drive growth in markets for eco-friendly fabrics.