In 2023, the textiles manufacturing production value in Germany was valued at 11.93 billion euros. From 2024 to 2028, the forecasted values indicate a slight and continuous decline from 11.92 billion euros to 11.83 billion euros.
Year-on-year variations show minimal decreases:
- 2024 to 2025: -0.17%
- 2025 to 2026: -0.17%
- 2026 to 2027: -0.25%
- 2027 to 2028: -0.17%
The Compound Annual Growth Rate (CAGR) over the subsequent five years (2024-2028) is projected to be -0.19%, indicating a slight downward trend in production value.
Future trends to watch for include advancements in sustainable manufacturing techniques, increasing automation and digitization in textile production, and potential shifts in global supply chains which may impact production rates and costs in Germany.
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