In 2023, China led the global business enterprise R&D expenditure in the manufacture of wearing apparel, with significant investment compared to other countries. Italy and South Korea followed, though with much lower values. Taiwan and Portugal showed positive year-on-year growth, alongside the UK and Slovenia, reflecting potential emerging R&D hubs. Conversely, countries like Poland, Canada, Czech Republic, and Romania experienced negative trends, indicating potential challenges or shifts in their apparel R&D sector. The five-year CAGR underscores this disparity, highlighting sustained growth in select regions versus declines or stagnation in others.
Future trends to watch include increased R&D investment in Asia, particularly in China, where continuous innovation is pivotal. Additionally, keep an eye on the resurgence of R&D activities in Europe, driven by technological advancements and sustainability. Digitalization and smart textiles are likely to shape future R&D directions in the apparel sector globally.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Wearing Apparel by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 2,720 | 2023 | +3.48% | +2.28% | View data |
| 2 | 2 Italy | 426.42 | 2023 | +1.11% | -0.93% | View data |
| 3 | 3 South Korea | 324.33 | 2023 | +2.52% | +2.69% | View data |
| 4 | 4 Taiwan | 26.84 | 2023 | +1.91% | +14.47% | View data |
| 5 | 5 Portugal | 23.16 | 2023 | +5.9% | +20.15% | View data |
| 6 | 6 Poland | 6.13 | 2023 | +11.98% | -8.48% | View data |
| 7 | 7 United Kingdom | 6.05 | 2023 | +2.51% | +3.28% | View data |
| 8 | 8 Slovenia | 4.33 | 2023 | +4.16% | +4.15% | View data |
| 9 | 9 Canada | 2.18 | 2023 | -11.18% | -16.58% | View data |
| 10 | 10 Hungary | 1.56 | 2021 | View data |
