The European Home Textiles Harmonized Index of Consumer Prices (HICP) data reveals notable variance across countries, with the Czech Republic leading at 13.31. Most countries experienced modest year-on-year increases, with significant growth in some Eastern European and Nordic countries. Notably, the Czech Republic and Norway exhibited the highest rise in consumption, while Ireland saw a substantial decrease, reflecting shifting consumption patterns. The compound annual growth rate (CAGR) has steadily increased over the past five years, highlighting a general upward trend across Europe except for countries with recent declines, such as Ireland and Greece.
Future trends to monitor include:
- The impact of economic and geopolitical factors on consumer spending in the textiles sector.
- Potential adjustments in consumer preferences toward sustainable and innovative textile solutions.
- Inflation and its influence on disposable income and consumption in the home textiles market.
- Technological advancements that may affect production costs and pricing strategies.
Top countries in Home Textiles HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Czech Republic | 133.1 | 2022 | +16.04% | +5.82% | View data |
| 2 | 2 Norway | 132.3 | 2022 | +3.44% | +4.59% | View data |
| 3 | 3 Lithuania | 121.29 | 2022 | +9.48% | +3.7% | View data |
| 4 | 4 Sweden | 119.85 | 2022 | +10.28% | +2.78% | View data |
| 5 | 5 Poland | 119.7 | 2022 | +10.63% | +3.23% | View data |
| 6 | 6 Hungary | 116.36 | 2022 | +9.57% | +3.03% | View data |
| 7 | 7 Germany | 114.8 | 2022 | +6.89% | +2.31% | View data |
| 8 | 8 Romania | 114.51 | 2022 | +4.29% | +2.36% | View data |
| 9 | 9 Estonia | 113.9 | 2022 | +7.74% | +2.27% | View data |
| 10 | 10 Luxembourg | 112.66 | 2022 | +7.08% | +2.56% | View data |
