From 2013 to 2023, the production of textiles, wearing apparel, and leather products in Sweden showed a general upward trend, growing from 10.75 billion Swedish Kronas to 13.55 billion Swedish Kronas. There were significant fluctuations, notably in 2020 due to the pandemic, causing a sharp decline of 17.13%. The market rebounded strongly in 2021 with a 21.51% increase, stabilizing with moderate growth in subsequent years: 0.83% in 2022 and 0.81% in 2023.
Over the last five years, the compound annual growth rate (CAGR) stands at 0.96%. Future forecasts predict continued but modest growth, with CAGR expected to be around 0.65% by 2028, indicating a more stabilized market post-recovery.
Future trends to watch for include:
- Advancements in sustainable and eco-friendly textile production.
- Technological innovations in manufacturing processes.
- Shifting consumer preferences towards sustainable and ethically produced apparel.
