In 2023, Italy led European Business Expenditure on R&D in textiles manufacturing, at 0.023% of GDP, with significant spending growth of 1.84% from 2022. Poland saw the highest year-on-year growth at 20.11%, though its investment as a percentage of GDP remains relatively low at 0.01%. Portugal and Finland also displayed noticeable increase, while countries like the Czech Republic and Sweden showed no growth. The data suggests a trend where traditionally strong textile manufacturers continue to invest, while emerging players grow rapidly yet from a smaller base.
Looking forward, countries in Central and Eastern Europe may drive future R&D growth in textiles, leveraging lower costs and increased technological adoption. Greater emphasis on sustainability and smart textiles is anticipated to spur innovative investments across Europe.
Top countries in Business Expenditure on R&D in Textiles Manufacturing by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 0.023 | 2023 | +4.55% | +1.84% | View data |
| 2 | 2 Portugal | 0.018 | 2023 | 0% | +14.87% | View data |
| 3 | 3 Belgium | 0.014 | 2021 | +7.69% | View data | |
| 4 | 4 Poland | 0.01 | 2023 | +42.86% | +20.11% | View data |
| 5 | 5 Finland | 0.007 | 2023 | 0% | +11.84% | View data |
| 6 | 6 Czech Republic | 0.006 | 2023 | -14.29% | 0% | View data |
| 7 | 7 Sweden | 0.003 | 2023 | +50% | View data | |
| 8 | 8 Spain | 0.003 | 2021 | View data | ||
| 9 | 9 Hungary | 0.001 | 2021 | View data | ||
| 10 | 10 Slovakia | 0.001 | 2021 | 0% | View data |
