The Italian cotton yarn industry has experienced significant fluctuations in sold production value over the past decade. Starting from a high of 470.5 million Euros in 2013, the market saw dramatic drops in 2014 and 2017, only to rebound significantly in 2018 and 2019. The COVID-19 pandemic, however, led to another drop in 2020. Despite this, the market has shown recovery, reaching 767.96 million Euros by 2023. Year-on-year, there was an impressive growth rate of 11.48% in 2023, with a compound annual growth rate (CAGR) of 3.78% over the past five years. Looking forward, the market is expected to grow steadily with a forecasted CAGR of 2.15% from 2024 to 2028, reaching 879.46 million Euros by 2028.
Future trends to watch for:
- Technological advancements in cotton yarn production.
- Impact of sustainable and eco-friendly practices.
- Global economic conditions affecting raw material prices and demand.
- Regulatory changes and trade policies within the European Union and globally.
