In 2024, Italy continues to dominate the European Value Added of Clothing market with a significant share of 67.64 million Euros, followed by Germany at 14.88 million Euros and France at 10.68 million Euros. Smaller contributions come from Slovakia (2.07 million Euros), Croatia (1.28 million Euros), and Austria (0.94 million Euros). Greece, Finland, Netherlands, and Slovenia each contribute below 1 million Euros, with Greece at 0.87 million Euros, Finland at 0.7 million Euros, Netherlands at 0.58 million Euros, and Slovenia at 0.35 million Euros.
The year-on-year variations from 2023 show that while Italy saw a marginal increase of 1.58%, countries like Germany and France experienced declines by -1.38% and -2.11%, respectively. Notably, Croatia showed a positive trend with a 2.42% rise, contrasting sharply with Austria's -7.05% drop and Greece's -11.9% decrease. Finland, the Netherlands, and Slovenia also witnessed declines by -3.52%, -1.71%, and -4.95%, respectively. Slovakia performed moderately with a 0.46% increase.
Looking ahead, the European clothing market may experience shifts influenced by economic conditions, consumer preferences, and sustainability trends. Countries that can innovate in sustainable fashion and adapt to changing market demands are likely to see more significant growth. Monitoring technological advancements, regulatory changes, and consumer behavior will be crucial for predicting future trends in the value-added of clothing share across European countries.
Top countries in Value Added of Clothing Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 67.64 | 2023 | +0.83% | +1.58% | View data |
| 2 | 2 Germany | 14.88 | 2023 | -1% | -1.38% | View data |
| 3 | 3 France | 10.68 | 2023 | -1.92% | -2.11% | View data |
| 4 | 4 Slovakia | 2.07 | 2023 | +1.14% | +0.46% | View data |
| 5 | 5 Croatia | 1.28 | 2023 | +5.13% | +2.42% | View data |
| 6 | 6 Austria | 0.94 | 2023 | -8.03% | -7.05% | View data |
| 7 | 7 Greece | 0.87 | 2023 | -12.91% | -11.9% | View data |
| 8 | 8 Finland | 0.7 | 2023 | -3.6% | -3.52% | View data |
| 9 | 9 Netherlands | 0.58 | 2023 | -3.26% | -1.71% | View data |
| 10 | 10 Slovenia | 0.35 | 2023 | -4.62% | -4.95% | View data |
