In 2023, the production in wearing apparel industries in Spain stood at an actual value of 985.7 million euros. From 2024, the forecasted production values are 969.0 million euros, 952.1 million euros, 935.4 million euros, 918.9 million euros, and 902.6 million euros for the years 2024, 2025, 2026, 2027, and 2028 respectively. This forecast indicates a decreasing trend over the forecast period.
Year-on-year, the production is expected to drop by 1.7% in 2025 compared to 2024, by 1.8% in 2026 compared to 2025, by 1.8% in 2027 compared to 2026, and by 1.8% in 2028 compared to 2027. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is an average decline of 1.8% per year.
In the future, key trends to watch include shifts in consumer preferences towards sustainable and fast fashion, potential impacts of trade policies on import-export dynamics, technological advancements in textile manufacturing, and economic factors influencing consumer spending on apparel.
