From 2013 to 2023, the Netherlands' textiles, wearing apparel, and leather products manufacturing industry showed moderate growth. The output rose from 3.36 billion euros in 2013 to 4.36 billion euros in 2023. Notable fluctuations included a significant dip in 2020 by 6.7% due to the pandemic, followed by a remarkable recovery in 2021 with a 15.13% increase. The average annual growth rate over the last five years (CAGR) was 3.16%, reflecting overall resilience and growth in the sector.
Looking ahead, the forecast for 2024-2028 predicts a steady but slowing growth trend with a 5-year CAGR of 0.39%. The industry is expected to reach 4.47 billion euros by 2028, indicating a potential stabilization or saturation point.
Future trends to watch for include:
- Adoption of sustainable and eco-friendly manufacturing practices.
- Impact of digital transformation and automation on production efficiency.
- Potential market expansion due to increasing demand for high-quality, niche products.
- Implications of geopolitical dynamics and trade regulations on the Dutch textile sector.
