The European man-made fibres production value in 2023 was led by Germany, Italy, and Austria, showing diverse trends. From 2022 to 2023, Germany faced a decrease of 2.85%, while Italy and Austria grew by 0.97% and 1.86% respectively. Belgium and Spain saw significant declines of 11.0% and 6.76%. Smaller markets like Serbia grew robustly with an 11.57% increase, whereas Greece experienced a decrease of 3.58%. Over the past five years, trends have shifted markedly, with countries like Poland and France showing modest annual growth, indicating their resilience among the larger players.
Future trends to watch in the European man-made fibres sector include:
- Adoption of sustainable practices and eco-friendly fibres that could alter production values.
- Technological advancements in fibre manufacturing, improving efficiency and reducing costs.
- Economic policies impacting international trade and domestic production capabilities.
- Potential shifts in demand due to changing global fashion trends and material preferences.
Top countries in Man-Made Fibres Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,880 | 2023 | -2.23% | -2.85% | View data |
| 2 | 2 Italy | 1,390 | 2023 | +6.24% | +0.97% | View data |
| 3 | 3 Austria | 1,390 | 2023 | +6.44% | +1.86% | View data |
| 4 | 4 Belgium | 520 | 2023 | -2.61% | -11% | View data |
| 5 | 5 Spain | 378.8 | 2023 | +0.37% | -6.76% | View data |
| 6 | 6 United Kingdom | 357.9 | 2023 | -1.21% | -6.08% | View data |
| 7 | 7 Portugal | 121.6 | 2023 | +5.56% | -2.24% | View data |
| 8 | 8 France | 120.1 | 2023 | -3.3% | +2.94% | View data |
| 9 | 9 Poland | 118.1 | 2023 | +2.43% | +2.19% | View data |
| 10 | 10 Czech Republic | 117.3 | 2023 | +5.96% | +1.29% | View data |
