Forecast: Production of Textiles in France

The production of textiles in France in 2023 stood at 6.47 billion euros. From 2013 to 2023, the sector experienced varying trends, including a notable decline in 2020, recovering somewhat in 2021, but resuming a downward trajectory afterward. The year-on-year variation was generally negative, showing a decreasing trend over the last two years (-1.79% each year), and the compound annual growth rate (CAGR) over the last five years was -1.83%, indicating a consistent contraction.

Future trends to watch for include:

• A forecasted decline with a CAGR of -1.58% over the next five years, projected to bring the value down to 5.85 billion euros by 2028.
• Increasing competition from global markets, technological advancements, and shifts in consumer behavior, which could further impact domestic production.
• Potential opportunities in sustainable and innovative textiles as the industry seeks ways to reverse the negative growth trend.