From 2013 to 2023, the production in Italy’s textiles finishing sector exhibited significant fluctuations. Starting at 2.8 billion euros in 2013, the sector reached its peak before experiencing notable declines, particularly in 2016 (-31.59%), and a further dip during the pandemic in 2020 (-17.99%). Despite a brief recovery in 2017 (+11.97%), the sector continued its downward trajectory through 2023, ending at 1.72 billion euros, reflecting a decline of -2.11% from the previous year. The Compound Annual Growth Rate (CAGR) for the last five years (2019-2023) was -4.27%, indicating a consistent negative trend.
Looking forward, the forecasted data suggests the decline will continue, with production projected to fall to 1.22 billion euros by 2028. The five-year CAGR from 2023 to 2028 is expected to be -5.51%, predicting a decrease of approximately 24.67% over this period.
Future trends to watch for include potential technological advancements that might improve production efficiency and product quality in the sector, global market demand shifts, and the impact of stringent environmental regulations on textile production processes.
