Forecast: Output of Textiles, Wearing Apparel, Leather Products in Denmark

The output of textiles, wearing apparel, and leather products in Denmark stood at 10.98 billion DKK in 2023, reflecting a marginal increase of 0.70% year-on-year. The industry has experienced fluctuations over the past decade, including a significant dip of 16.91% in 2020 due to the pandemic but rebounded strongly by 21.38% in 2021. The Compound Annual Growth Rate (CAGR) for the past five years has averaged at 0.34%, indicating slow but steady growth. Forecasts suggest continued stable growth, with a 5-year CAGR projected at 0.57% and a total growth rate of 2.86% by 2028.

Future trends to watch for include:

• Technological advancements in textile production
• Sustainability and increased demand for eco-friendly materials
• Changing consumer preferences and rising e-commerce
• Potential trade regulations impacting raw material imports