The textiles, wearing apparel, and leather products manufacturing sector in Germany experienced a declining trend in employed hours, especially sharp in 2020, with a 12.29% decrease. Recovery began in 2022 with a 9.55% increase, and 2023 saw a modest 1.16% rise. Despite recent gains, the five-year cumulative average growth rate (CAGR) to 2023 showed a slight decrease of 0.89%, indicating a long-term contraction trend.
Future trends to watch for include:
- Ongoing adjustments in the sector, as forecast suggests a decline at a 0.71% CAGR through 2028.
- Innovations in sustainable manufacturing practices as the market leans towards eco-friendly processes.
- Potential impacts of global economic shifts and trade policies on manufacturing activities.