Between 2013 and 2023, the manufacturing output of textiles, wearing apparel, and leather products in Germany showed significant fluctuations. The year-on-year variation oscillated, with noticeable declines in 2015, 2019, and 2020 and recovery periods such as 2014 and 2021. However, the overall trend reflected a gradual decrease, with the CAGR indicating a negative growth trend from 2013 to 2023. In 2023, the output stood at 20.59 billion Euros.
Looking ahead, the forecasted data suggests continued decline, with the output expected to drop to 18.93 billion Euros by 2028. This translates to a forecasted 5-year CAGR of -1.34% and a 5-year growth rate of -6.54%.
Future trends to watch for include technological advancements in manufacturing processes, changes in consumer preferences towards sustainable and eco-friendly products, potential disruptions in global supply chains, and policy changes affecting the textile and apparel industry.
