In 2023, Italy led European R&D expenditure in textiles, wearing apparel, and leather manufacturing with €908.83m, despite a marginal decline of 1.07% from the previous year. Belgium and Portugal followed, with notable growth rates of 4.21% and 14.37%, respectively. Poland exhibited the highest growth of 20.01%, reflecting a significant investment increase. Finland and the Czech Republic saw moderate gains, while Sweden remained stable. Malta experienced the largest reduction at 20.13%, possibly indicating shifts in production focus or resource allocation.
Future trends to monitor include technological innovation in sustainable materials and the adoption of digital solutions in production processes. Additionally, attention should be paid to how increasing environmental regulations may drive R&D investments. Emerging economic conditions, market demands, and potential policy changes, especially in sustainable initiatives, are critical factors that could significantly influence these expenditures across European nations in the near future.
Top countries in Business Expenditure on R&D in Textiles, Wearing Apparel and Leather Manufacturing by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 908.83 | 2023 | +7.12% | -1.07% | View data |
| 2 | 2 Belgium | 94.92 | 2023 | +3.4% | +4.21% | View data |
| 3 | 3 Portugal | 69.35 | 2023 | +8.51% | +14.37% | View data |
| 4 | 4 Poland | 67.94 | 2023 | +37.74% | +20.01% | View data |
| 5 | 5 Spain | 55.29 | 2021 | View data | ||
| 6 | 6 Finland | 16.96 | 2023 | +3.78% | +6.46% | View data |
| 7 | 7 Czech Republic | 16.7 | 2023 | +2.13% | +4.54% | View data |
| 8 | 8 Sweden | 15.55 | 2023 | +2.97% | View data | |
| 9 | 9 Hungary | 4.39 | 2021 | View data | ||
| 10 | 10 Slovakia | 0.59 | 2023 | -0.67% | +4.4% | View data |
