In 2023, Italy led European net operating surplus in textiles, wearing apparel, and leather products, contributing significantly with 43.44 million euros. Spain followed with 34.94 million euros, and Germany stood at 8.91 million euros. France displayed the most notable year-on-year growth at 6.0%, whereas Austria experienced a decline at -1.54%. Luxembourg also saw impressive growth at 4.18%, hinting at rising activity in the sector in smaller economies. Notably, Greece reported a negative surplus, emphasizing challenges in the sector.
Looking ahead, expect geographical shifts with potential growth in smaller European economies. Innovations and sustainability initiatives may affect surplus distribution, while Southern European countries might capitalize on strengthening manufacturing capabilities.
Top countries in Net Operating Surplus in Textiles, Wearing Apparel, Leather Products Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 43.44 | 2023 | +0.72% | +0.41% | View data |
| 2 | 2 Spain | 34.94 | 2023 | +1.87% | +2.36% | View data |
| 3 | 3 Germany | 8.91 | 2023 | +2.92% | +1.84% | View data |
| 4 | 4 France | 5.25 | 2023 | +2.1% | +6% | View data |
| 5 | 5 Netherlands | 1.88 | 2023 | +1.45% | +2.53% | View data |
| 6 | 6 Slovakia | 1.19 | 2023 | +0.97% | View data | |
| 7 | 7 Luxembourg | 0.95 | 2023 | +3.88% | +4.18% | View data |
| 8 | 8 Lithuania | 0.87 | 2023 | -0.062% | +1.95% | View data |
| 9 | 9 Austria | 0.85 | 2023 | -2.74% | -1.54% | View data |
| 10 | 10 Finland | 0.65 | 2023 | +0.83% | View data |
