The output of textiles, wearing apparel, and leather products in Spain demonstrated a fluctuating pattern between 2013 and 2023. In 2023, the sector stood at €19.51 billion. Over the last two years (2021-2023), the sector saw a modest rebound, with a year-on-year increase of 2.43% in 2023. However, the average yearly variation over the last five years (2018-2023) showed a slight decline with a CAGR of -0.48%. Future projections from 2024 to 2028 indicate a slight negative trend, with the five-year CAGR forecasted at -0.36% and a cumulative decline of nearly 1.77% by 2028.

Future trends to watch for:

Impact of technological advancements and automation on production efficiency.
Shifts in consumer behavior towards sustainable and ethical fashion.
Influence of economic policies and trade agreements on international competitiveness.
Potential impacts of global events or economic downturns on the industry.