The UK Knitted or Crocheted Fabrics market exhibited fluctuating trends from 2012 to 2022, with periods of growth and decline. The market value in 2012 was 311.69 million Euros, dipping slightly in 2013, and seeing various changes over the next decade. A significant drop occurred in 2020, with a value decrease to 255.0 million Euros, reflecting a notable -17.14% year-on-year variation, likely impacted by the COVID-19 pandemic. The value rebounded in 2021 with a 20.28% increase, stabilizing around 306 million Euros in 2022, slightly lower than the previous year's value. The CAGR over the last five years (2018-2022) is -1.11%.
Looking ahead, future trends to watch for include:
- Technological advancements in fabric production and design
- Increasing sustainability and eco-friendly practices in the industry
- Changes in consumer preferences and demand for knitted or crocheted products
- Economic factors and market conditions influencing the sector
How does the United Kingdom rank in Knitted or Crocheted Fabrics Market Size Value?
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 545,060,000 | 2023 | +1.99% | +0.71% | View data |
| 2 | 2 United Kingdom | 305,730,000 | 2023 | -0.16% | +0.2% | |
| 3 | 3 Poland | 272,530,000 | 2023 | +1.44% | +1.49% | View data |
| 4 | 4 Bulgaria | 222,530,000 | 2023 | +0.081% | +1% | View data |
| 5 | 5 Romania | 218,950,000 | 2023 | -1.95% | -1.6% | View data |
