In 2023, Germany led the European market for synthetic staple fibre yarn containing at least 85% by weight with a share of 39.91%, followed by Spain at 26.03% and Italy at 19.74%. The market saw varied performances, with Germany, Italy, and Portugal experiencing declines of -7.83%, -10.57%, and -8.76% respectively. Spain and Denmark showed resilience, with Spain's decline limited to -1.44% and Denmark marking a significant increase of 44.49%. The United Kingdom saw a modest growth of 3.52%, contrasting with Poland's notable drop of -15.3%.
When considering the five-year compound annual growth rate, Germany and other major contributors like Spain and Italy may face increasing competition and economic pressures. Potential future trends include shifting production capacities within Europe towards more efficient and sustainable manufacturing practices, increasing regional competitiveness, and advancing technological innovation to cater to rising demands for eco-friendly products.
Top countries in Sold Production of Synthetic Staple Fibres Yarn Containing at Least 85% by Weight of Such Fibres Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 39.91 | 2023 | -4.9% | -7.83% | View data |
| 2 | 2 Spain | 26.03 | 2023 | +2.87% | -1.44% | View data |
| 3 | 3 Italy | 19.74 | 2023 | -5.53% | -10.57% | View data |
| 4 | 4 United Kingdom | 6.36 | 2023 | +5.95% | +3.52% | View data |
| 5 | 5 Bulgaria | 2.71 | 2023 | -5.73% | -2.28% | View data |
| 6 | 6 Portugal | 2.1 | 2023 | -6.4% | -8.76% | View data |
| 7 | 7 Lithuania | 1.21 | 2023 | -11.4% | -7.68% | View data |
| 8 | 8 Poland | 0.65 | 2023 | -18.46% | -15.3% | View data |
| 9 | 9 Hungary | 0.28 | 2023 | -3.9% | -6.09% | View data |
| 10 | 10 Denmark | 0.18 | 2023 | +122.25% | +44.49% | View data |
