Forecast: Production in Wearing Apparel Sector in Austria

The wearing apparel sector in Austria saw a steady decline from 2013 to 2020, with notable drops in production value particularly in 2016 and 2020. Since 2021, the sector has shown some recovery, with moderate growth observed in 2022 and 2023. As of 2023, the production value stood at €543.3 million. Despite the recovery, the forecast for the next five years suggests a continuous downward trend with a negative CAGR of 2.93%, resulting in a forecasted production value of €452.3 million by 2028.

Future trends to watch for include:

  • Impact of sustainable and eco-friendly practices on production costs and consumer demand.
  • Influence of digital transformation and automation on production efficiency and job market dynamics in the apparel sector.
  • Shifts in global trade policies and supply chain disruptions affecting input costs and production timelines.

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