The wearing apparel sector in France showed significant fluctuations over the years. After a peak in 2014, with a year-on-year increase of 37.27%, production largely declined, hitting a low in 2017. A positive rebound occurred in 2018 and 2019, but the sector was severely impacted in 2020 with a substantial decline of 24.82%. This downward trend continued, culminating in a 4.04% decrease in 2023, bringing the value to 5.53 billion euros.
The period from 2021 to 2023 registered minor fluctuations, with the average annual variation settling at -3.22% from a 5-year perspective. However, the forecast indicates a sharp continuous decline, predicting a Compound Annual Growth Rate (CAGR) of -10.08% from 2024 to 2028, resulting in a projected sector value collapse to 2.94 billion euros by 2028, a reduction of 41.23% over 5 years.
Future trends to watch for:
- Impacts of sustainability and consumer shifts towards eco-friendly products.
- Technological advancements influencing apparel production efficiency.
- Economic factors and political policies affecting the market structure.
- Global supply chain disruptions and their influence on the French market.
