The Romanian market for knitted or crocheted fabrics has seen fluctuating trends between 2013 and 2023, with actual values decreasing from 306.47 million Euros in 2013 to 218.95 million Euros in 2023. The market has endured significant declines, particularly between 2017 and 2020. Although there was a brief recovery in 2021 with an 18.12% increase, the market again witnessed declines in the following years, ending with a 1.95% drop in 2023. The compound annual growth rate (CAGR) over the last five years is negative at -1.6%, reflecting a persistent downturn in the sector.
Future trends to watch for:
- Potential recovery as new design and technology innovations emerge.
- Influence of sustainability trends on material sourcing.
- Impact of economic conditions and consumer spending patterns on the textile industry.
- Increasing competition from other Eastern European countries may affect market dynamics.
How does Romania rank in Knitted or Crocheted Fabrics Market Size Value?
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 545,060,000 | 2023 | +1.99% | +0.71% | View data |
| 2 | 2 United Kingdom | 305,730,000 | 2023 | -0.16% | +0.2% | View data |
| 3 | 3 Poland | 272,530,000 | 2023 | +1.44% | +1.49% | View data |
| 4 | 4 Bulgaria | 222,530,000 | 2023 | +0.081% | +1% | View data |
| 5 | 5 Romania | 218,950,000 | 2023 | -1.95% | -1.6% | |
| 6 | 6 Spain | 65,483,000 | 2023 | -2.64% | -0.95% | View data |
| 7 | 7 Hungary | 55,508,000 | 2023 | -3.14% | -2.52% | View data |
