The knitted or crocheted fabrics market in Bulgaria showed a variable trend from 2013 to 2023, with the market reaching a volume of 27.362 million kilograms in 2023. Despite fluctuations in the earlier years, the past two years showed consistent growth, although at a decelerating pace, with year-on-year increases of 3.1% in 2022 and 1.96% in 2023. Over a five-year period ending in 2023, the compound annual growth rate stood at 2.43%, suggesting a modest yet steady expansion in market volume.
Future trends to watch include:
- The adoption of sustainable and eco-friendly materials, likely influencing consumer preferences.
- Technological advancements in knitting or crocheting techniques, potentially enhancing production efficiency.
- Emerging fashion trends favoring knitted fabrics, which may boost market demand.
- Potential market expansions due to Bulgaria's growing role in the European textile industry.
How does Bulgaria rank in Knitted or Crocheted Fabrics Market Size Volume?
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 58,290,000 | 2023 | -0.25% | -2.49% | View data |
| 2 | 2 Poland | 31,607,000 | 2023 | -0.23% | -1.33% | View data |
| 3 | 3 Bulgaria | 27,362,000 | 2023 | +1.96% | +2.43% | |
| 4 | 4 Romania | 18,963,000 | 2023 | -0.46% | +1.14% | View data |
| 5 | 5 France | 14,310,000 | 2023 | -4.41% | -4.75% | View data |
