Forecast: Textiles Finishing Turnover in Austria

The textiles finishing turnover in Austria was 39.0 million Euros in 2023. The forecasted data for the years 2024 to 2028 indicates a consistent downward trend. Specifically:

• 2024: 34.4 million Euros, a decrease of 11.8% from 2023.

• 2025: 29.9 million Euros, a decline of 13.1% from 2024.

• 2026: 25.4 million Euros, down by 15.1% from 2025.

• 2027: 21.0 million Euros, a decrease of 17.3% from 2026.

• 2028: 16.6 million Euros, reflecting a 20.9% decline from 2027.

The compounded average growth rate (CAGR) over the five-year period is approximately -16.5%, indicating a significant annual decrease.

Future trends to watch for include shifts in global demand, advancements in textile technology, and changes in consumer preferences towards sustainable and ethically produced materials, which could alter the market dynamics and potentially influence turnover trends in the coming years.