Forecast: Production Volumes of Textiles in Austria

The production volumes of textiles in Austria have shown fluctuations over the past decade, starting from 1.46 billion euros in 2013 and experiencing year-on-year growth until 2015. The trend shifted to a decline in 2016 and 2019, with a significant dip in 2020 due to external factors, likely the pandemic, from which it partially recovered in 2021. However, from 2022, the volume continued to decline, reaching 1.35 billion euros in 2023. Over the last five years, the CAGR was -2.06%, indicating a downward trend in the industry.

Looking ahead, forecast data suggest a further decline in production volumes, with an anticipated CAGR of -1.63% by 2028, resulting in an overall 7.89% decrease from 2023 to 2028.

Future trends to watch for:

• Impact of sustainable practices and eco-friendly materials.
• Technological advances in textile manufacturing.
• Global competition and trade policies affecting local production.
• Consumer demand shifts towards sustainability over volume.