The French textiles, wearing apparel, and leather products manufacturing output demonstrated varied dynamics over the past decade. Between 2013 and 2016, the sector showed fluctuating trends with slight declines and minor upticks, ultimately stabilizing with modest growth until 2018. From 2019 to 2023, the industry experienced more pronounced changes, particularly a notable dip in 2020, likely due to the pandemic, followed by a robust recovery. The output for 2023 stood at 19.65 Billion Euros, marking a significant rebound with a year-on-year increase of 3.6%. The average annual growth rate (CAGR) over the past five years up to 2023 was approximately 2.9%.
Moving forward, the forecasted data suggests a steady positive trend, with a predicted expansion to 23.0 Billion Euros by 2028. This represents an expected average annual growth rate of about 2.5% over the next five years, indicating sustained growth and resilience in the sector.
Future trends to watch for include technological advancements in textile production, sustainable and eco-friendly manufacturing practices, changes in consumer preferences toward ethically produced apparel, and the potential impact of global trade policies on France's textile industry.
