The value added of clothing in the Netherlands showed significant fluctuations over the period from 2013 to 2023. Starting at €123 million in 2013 and hitting a peak at €127 million in 2017, it marks a decline to €89 million in 2023. Notably, there were sharp decreases in years such as 2015 and 2018, but also substantial increases such as in 2016. Over the last two years, the value continued its downward trend, recording declines of -3.16% in 2022 and -3.26% in 2023. This consistent reduction resulted in an average compound annual growth rate (CAGR) of -1.71% over the past five years.
Looking forward, a continuation of the downward trend is forecasted with the value expected to decrease further, reaching €74 million by 2028. Future indicators to watch include consumer purchasing behaviors, sustainability trends in the fashion industry, and economic conditions impacting consumer spending. Monitoring these aspects will be crucial to understanding future dynamics in the value added by the clothing sector in the Netherlands.
