The market size volume for Terry Towelling and similar woven terry fabrics of cotton in Portugal has shown a general upward trend from 2013 to 2023, reaching 14.08 million square meters in 2023. This sector experienced significant growth between 2013 and 2017, with notable year-on-year increases, highlighted by a peak in 2016. However, a temporary decline followed in 2018 and 2019. A modest recovery has been evident in recent years, with minimal but consistent growth from 2020 to 2023, culminating in a compound annual growth rate (CAGR) of 1.08% over the past five years.
Looking ahead, trends to watch include technological advancements in textile manufacturing, shifts in consumer preferences towards sustainable fabrics, and potential impacts of international trade policies. Environmental considerations and innovation in cotton fabric production processes may also influence the market dynamics in the coming years.
