In 2023, France led with a contribution of 36.99 million euros in Gross Fixed Capital Formation within the environmentally protective manufacturing sector of textiles, apparel, and leather. Germany followed with 26.05 million euros, showcasing a notable year-on-year growth of 2.59%. Italy and Austria saw declines, with Italy's investment dropping significantly by 14.38%. The sector remains stable in smaller markets like Greece with no variation. Over the last 5 years, this market experienced minimal growth, with a slight overall positive trajectory mainly due to Germany's consistent performance.
Looking ahead, European countries are expected to increasingly prioritize sustainable manufacturing practices in textile and related industries. The trend will be influenced by the adoption of stricter environmental regulations and the push for greener technologies. Investment in eco-friendly innovations could potentially lead to higher capital allocations, particularly in countries currently lagging behind.
Top countries in Gross Fixed Capital Formation and Acquisition Less Disposals of Non-Produced Non-Financial Assets in All Environmental Protection Activities in Manufacture of Textiles, Wearing Apparel, Leather and Related Products by the Business Sector Share by Country (Million Euros)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 36.99 | 2023 | +0.71% | +0.57% | View data |
| 2 | 2 Germany | 26.05 | 2023 | +1.01% | +2.59% | View data |
| 3 | 3 Italy | 11.98 | 2023 | -17.86% | -14.38% | View data |
| 4 | 4 Spain | 10.42 | 2023 | +2.56% | +1.03% | View data |
| 5 | 5 Ireland | 5.73 | 2023 | +4.76% | +0.93% | View data |
| 6 | 6 Slovenia | 5.47 | 2023 | +5% | +0.98% | View data |
| 7 | 7 Austria | 2.34 | 2023 | -10% | -3.93% | View data |
| 8 | 8 Latvia | 1.3 | 2023 | 0% | -3.58% | View data |
| 9 | 9 Greece | 0.52 | 2023 | 0% | 0% | View data |
