The Lithuanian market for textile fabrics and felts used in paper-making machines demonstrates a declining trend over the past decade. The market's value reached 556.19 thousand Euros in 2023, indicating a consistent downturn since 2015. Year-on-year decreases were noted in recent years, with an 8.26% decline from 2022 to 2023. Over the last five years, the compound annual growth rate has been negative, standing at -7.26%.
Looking forward, critical trends to watch include:
- Potential technological advancements that might spur product demand or efficiency.
- Evolving consumer preferences and environmental considerations potentially influencing market dynamics.
- Economic factors within Lithuania and globally that may impact the sector's recovery or further decline.
How does Lithuania rank in Textile Fabrics and Felts for Paper-Making Machines or Similar Machines Market Size Value?
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 86,637,000 | 2023 | -0.41% | +2.22% | View data |
| 2 | 2 Finland | 64,065,000 | 2023 | +1.25% | +0.42% | View data |
| 3 | 3 Poland | 21,405,000 | 2023 | +2.73% | +0.17% | View data |
| 4 | 4 Portugal | 11,051,000 | 2023 | -1.59% | -0.28% | View data |
| 5 | 5 Czech Republic | 9,641,900 | 2023 | -0.29% | -0.32% | View data |
| 6 | 6 Lithuania | 556,190 | 2023 | -8.26% | -7.26% |
