The Portuguese market for Embroidery in the Piece in Strips or in Motifs stood at 39.329 million euros in 2023. Over the past decade, the market has shown fluctuations. The largest decline occurred in 2020, with a drop of 15.17%, followed by a strong recovery in 2021 with a 21.94% increase. The compound annual growth rate (CAGR) over the last five years indicates a modest 1% growth. This period includes the impact and recovery phase post-2020. Year-on-year growth stabilized at around 1.14% by the end of 2023.
Future trends to watch for:
- Technological advancements in textile manufacturing.
- Potential shifts in consumer preferences towards sustainable and artisanal products.
- Influence of international trade policies.
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 442,880,000 | 2023 | +2.9% | -1.29% | View data |
| 2 | 2 France | 176,340,000 | 2023 | +1.85% | +2.62% | View data |
| 3 | 3 Germany | 73,926,000 | 2023 | +3.48% | +0.3% | View data |
| 4 | 4 Portugal | 39,329,000 | 2023 | +1.14% | +1% | |
| 5 | 5 United Kingdom | 20,308,000 | 2023 | -2.38% | -2.54% | View data |
| 6 | 6 Bulgaria | 4,658,300 | 2023 | +3.37% | +1.35% | View data |
