FACTS and KEY FIGURES
The textile and clothing industry in 2024
The textile and fashion industry is going through turbulent times; geo-political unrest, the energy crisis, drop in consumer confidence, the subsidy race and other state interventions create a tough economic climate for textile entrepreneurs to prosper. On top of that, the EU is moving forward with the implementation of its dedicated EU Textile Strategy. That means 16 pieces of legislation on the table, which will reshape the regulatory context for the textile and fashion industry.
Much of that legislation is still under discussion at the level of EU institutions, member states and many other stakeholders who want to promote their specific perspective. But change is coming – that’s clear.
In such climate of economic and regulatory uncertainty, it is critically important to communicate about the performance and tendencies within the textile industry. Therefore “facts and figures” are essential, to ensure a quality debate which is based on science and not ideology; to make sure we develop a regulatory framework which is ambitious but realistic.
