In 2023, Spain led in Gross Value Added (GVA) for European textiles, wearing apparel, and leather products manufacturing, amounting to 8.97 billion Euros, despite a slight decline of 0.14%. Germany and France followed, with respective values of 7.16 and 5.16 billion Euros, both experiencing over 1% decrease. Notably, Croatia stood out with a 3.66% increase, contrasting with Greece and Cyprus, which saw declines of over 5%. This showcases Spain's robust market presence, with Croatia emerging as a growth leader.
Future trends to watch include the increasing role of sustainable and digital transformations. European manufacturers may focus on energy-efficient production, circular fashion, and supply chain digitalization. These improvements could enhance competitiveness and market presence, particularly for leaders like Spain, Germany, and France, and present growth opportunities for smaller markets such as Croatia and Lithuania.
Top countries in Textiles, Wearing Apparel, Leather Products Manufacturing Gross Value Added by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 8,970 | 2023 | +3.15% | -0.14% | View data |
| 2 | 2 Germany | 7,160 | 2023 | -0.4% | -1.06% | View data |
| 3 | 3 France | 5,160 | 2023 | -2% | -1.48% | View data |
| 4 | 4 Belgium | 1,250 | 2023 | -2.4% | -1.9% | View data |
| 5 | 5 Slovakia | 667.8 | 2023 | -2.8% | -1.29% | View data |
| 6 | 6 Lithuania | 489.48 | 2023 | +0.028% | -1.41% | View data |
| 7 | 7 Finland | 415 | 2023 | -0.48% | +0.34% | View data |
| 8 | 8 Croatia | 408.04 | 2023 | -11.04% | +3.66% | View data |
| 9 | 9 Greece | 393.73 | 2023 | -5.81% | -5.26% | View data |
| 10 | 10 Slovenia | 260.69 | 2023 | +0.18% | -1.14% | View data |
