The market for woven fabrics of synthetic staple fibres mixed mainly or solely with cotton in Spain has experienced a decline from €72.097 million in 2013 to €49.786 million in 2023. Over the past decade, significant fluctuations included downward trends, particularly notable between 2016 and 2018, with brief periods of growth such as in 2014, 2015, 2019, and 2021. In recent years, the market contracted by 7.39% in 2022 and by another 4.42% in 2023. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 was -1.45%.
Looking ahead, factors such as technological advancements in fabric production, sustainable material trends, and changes in consumer demand will likely influence growth prospects. Keeping a close watch on sustainability and innovation trends will be essential for stakeholders aiming to capitalize on niche opportunities in this declining market.
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 58,741,000 | 2023 | +1.76% | +0.34% | View data |
| 2 | 2 Spain | 49,786,000 | 2023 | -4.42% | -1.45% | |
| 3 | 3 Bulgaria | 22,952,000 | 2023 | +0.01% | +1.4% | View data |
| 4 | 4 Estonia | 17,211,000 | 2023 | +0.93% | +0.8% | View data |
| 5 | 5 Lithuania | 13,826,000 | 2023 | -3.29% | -3.01% | View data |
