The Portuguese market for woven fabrics of synthetic and artificial filament yarn experienced a mixed trajectory between 2013 and 2023, with a notable volume of 92.117 million square meters in 2023. Key trends include a significant growth fluctuation with a peak in 2016, followed by several years of decline. A noteworthy recovery emerged with a year-on-year increase of 5.74% in 2022 and 2.19% in 2023. The five-year CAGR from 2018 to 2023 stands at 0.25%, indicating marginal average annual growth.
Future trends to watch for in the Portuguese market:
- Technological advancements in textile manufacturing, potentially driving efficiency and product differentiation.
- Increasing demand for sustainable and eco-friendly fabric alternatives, influencing market dynamics.
- Potential impacts from global supply chain disruptions and shifting trade policies.