In 2023, Italy dominated European wool yarn production with 54.466 million kg, albeit with a 6.5% decline from the previous year. Lithuania, ranked second, saw a slight increase of 2.78%. Denmark and Poland, with modest annual increases of 0.95% and 4.51% respectively, also feature prominently. Conversely, countries like Spain and France experienced significant decreases of 8.72% and 23.84% respectively. Over five years, Finland showed the most robust growth trend, contrasting with declines in France and Hungary.
Looking ahead, wary eyes should focus on how Italy's decreasing trend evolves. Additionally, watch for Lithuania's progressive growth and potential market diversification impacts from economies with past fluctuations, like Finland and Poland.
Top countries in Sold Production of Wool Yarn by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 54,466,000 | 2023 | +1.5% | -6.5% | View data |
| 2 | 2 Lithuania | 12,878,000 | 2023 | +2.85% | +2.78% | View data |
| 3 | 3 Denmark | 8,735,900 | 2023 | +25.01% | +0.95% | View data |
| 4 | 4 Poland | 6,751,900 | 2023 | +5.61% | +4.51% | View data |
| 5 | 5 Romania | 4,001,600 | 2023 | +2.77% | -2.34% | View data |
| 6 | 6 Portugal | 2,842,700 | 2023 | +10.48% | -3.97% | View data |
| 7 | 7 Spain | 2,001,200 | 2023 | -8.28% | -8.72% | View data |
| 8 | 8 Finland | 992,670 | 2023 | +9% | +8.64% | View data |
| 9 | 9 Norway | 735,980 | 2023 | -1.89% | +3.78% | View data |
| 10 | 10 France | 319,610 | 2023 | -23.14% | -23.84% | View data |
