In 2023, Germany led the European market with €3.252 billion in sold production of machinery for textile, apparel, and leather production, followed by Italy at €2.4197 billion. Spain and France stood at €0.27246 billion and €0.22616 billion, respectively. While Germany and Italy experienced slight declines of -1.85% and -1.8%, notable growth occurred in the Netherlands (8.64%) and Slovakia (29.0%). France and Romania saw significant reductions, -14.23% and -14.27% respectively. The Compound Annual Growth Rate (CAGR) over the last five years shows stability in the larger markets but highlights dramatic changes in smaller economies.
Future trends to watch include the impact of increased automation and technological advancements on productivity. Sustainability initiatives may drive innovation in machinery production, focusing on less resource-intensive processes. Additionally, fluctuations in textile demand and shifts in global supply chains could reshape production forecasts across European countries.
Top countries in Sold Production of Machinery for Textile, Apparel and Leather Production by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 3,252,000,000 | 2023 | +4.09% | -1.85% | View data |
| 2 | 2 Italy | 2,419,700,000 | 2023 | +9.24% | -1.8% | View data |
| 3 | 3 Spain | 272,460,000 | 2023 | +7.01% | +0.52% | View data |
| 4 | 4 France | 226,160,000 | 2023 | +1.47% | -14.23% | View data |
| 5 | 5 Czechia | 143,100,000 | 2023 | |||
| 6 | 6 Denmark | 109,450,000 | 2023 | +6.23% | +1.47% | View data |
| 7 | 7 Belgium | 101,260,000 | 2023 | +5.19% | -1.07% | View data |
| 8 | 8 Portugal | 74,362,000 | 2023 | +4.47% | -6.51% | View data |
| 9 | 9 Netherlands | 48,290,000 | 2023 | +14.94% | +8.64% | View data |
| 10 | 10 Poland | 32,384,000 | 2023 | +5.31% | +0.3% | View data |
