Forecast: Production of Textiles and Wearing Apparel in Italy

The production of textiles and wearing apparel in Italy reached 53.25 billion Euros in 2023. From 2013 to 2023, the industry underwent fluctuations with notable growth in years like 2017 and 2021, but significant contractions in 2016 and particularly in 2020 due to the pandemic. The most recent two years have shown marginal declines, with a year-on-year decrease of 0.29% in 2023, following a 0.30% fall in 2022. The five-year CAGR up to 2023 stands at -0.61%, indicating a slight average annual decrease over this period.

Future trends to watch for include:

• Continuous but moderate contraction in production as the forecast indicates a 0.24% decrease in CAGR from 2024 to 2028.
• Sustainability practices influencing production processes and potentially increasing costs.
• The rising influence of digital and automated manufacturing techniques in boosting efficiency and reducing overheads.
• Potential recovery factors post-2028 driven by technological advancements and market adaptations.