Forecast: Textiles and Clothing Value Added in Sweden

The value added in the textiles and clothing sector in Sweden has experienced significant fluctuations over the past decade. From 2013 to 2023, the sector has seen a downward trend, with a notable decrease from 0.8 in 2013 to 0.55 in 2023. The annual percentage changes revealed periods of sharp declines, especially from 2018 onwards. Specifically, from 2019 to 2023, the sector faced continuous contraction at varying rates, highlighted by a CAGR of -5.58% over the last five years.

Future trends suggest a continued decline, with the value anticipated to drop to 0.49 by 2028. The forecasted 5-year CAGR of -1.68% indicates a moderate but consistent downturn.

Trends to watch for in the future:

• Impact of sustainability and eco-friendly practices on the textile and clothing industry.
• Digital transformation and technological advancements in manufacturing processes.
• Global economic conditions and their influence on Sweden's textile exports and imports.