The value added of textiles, wearing apparel, and leather products in Italy has shown a steady increase from 2013 to 2023, reaching 26.65 billion euros in 2023. Over this period, year-on-year growth rates have generally been positive, albeit with some annual variability. Notable growth rates were seen in 2017 (3.4%) and 2018 (2.88%), contrasting with lower rates in recent years such as 2020 (0.29%) and 2021 (0.67%). The compound annual growth rate (CAGR) over the last five years was 0.62%, indicating a modest but steady growth.
Looking towards the future, forecasted data predict a continued gradual increase, with the value expected to reach 27.44 billion euros by 2028. With a forecasted 5-year CAGR of 0.46%, the growth pattern is expected to be relatively stable but modest, emphasizing a slow yet steady upward trajectory in the sector.
Future trends to watch for include potential impacts from technological advancements, shifts in consumer behavior towards sustainable fashion, and regulatory changes in trade policies which could influence market dynamics. Additionally, the integration of digital tools in manufacturing and supply chain processes might also play a significant role in shaping the industry's growth trajectory.
