In 2023, the wages and salaries in textiles and wearing apparel in Germany stood at an estimated 3.90 billion euros. The forecast from 2024 to 2028 shows a slight declining trend: 3.87 billion euros in 2024 to 3.78 billion euros in 2028. Year-on-year variations show a consistent marginal decline with the highest value in 2024 compared to subsequent years. The CAGR over the five-year period hints at a gentle contraction of the sector.
Future trends to watch for include:
- Shifts in global supply chains and their impact on German manufacturing.
- Innovation in sustainable and digital textile production technologies.
- The influence of environmental regulations on costs and wages.
- Changes in fashion industry demands driven by consumer preferences.
