The value added of textiles, wearing apparel, and leather products in France was valued at 5.67 billion euros in 2023. Over the period from 2013 to 2023, the industry exhibited fluctuations with a mix of positive and negative year-on-year growth rates. Between 2014 and 2015, the sector rebounded with a growth of 3.92%. Notably, there was sustained growth from 2017 to 2019 with a peak year-on-year increase of 5.22% in 2019. However, the onset of the pandemic led to a decline of 2.45% in 2020.
In more recent years, the sector's growth has become relatively stagnant, with minimal year-on-year variations close to -0.19% from 2021 to 2023. Over the last five years (2018-2023), the compound annual growth rate (CAGR) has decelerated to 0.41%. Looking ahead, the forecast data from 2024 to 2028 suggests a slight decline, with a forecasted average annual contraction of 0.16%, which translates to an overall decrease of 0.8% over five years.
Future trends to watch for:
- Impact of technological advancements in textile production and automation on efficiency and productivity.
- Consumer shifts toward sustainable and eco-friendly products influencing market demand.
- Potential effects of global trade policies and economic factors on export-import dynamics.
- Adoption of digital marketing strategies by fashion brands to enhance market outreach.
