The Knitted or Crocheted Pile Fabric market in Germany has declined significantly, from $170.61 million in 2013 to $117.89 million in 2023. The most notable drop occurred in the last five years, with a CAGR of -5.29%. Year-on-year, 2023 saw a decline of 6.44%, continuing a trend of decreasing market sizes. These consistent negative trends represent a challenging market environment, possibly due to market saturation, decreased demand, or increased competition.
Looking ahead, the market could be influenced by innovations in sustainable and functional textiles, as well as rising awareness and demand for eco-friendly fabrics. Global trade policies and shifts in consumer preferences towards local and ethical productions could also impact the market landscape.
| # | 19 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 1,021,400,000 | 2023 | +4.22% | +3.63% | View data |
| 2 | 2 Colombia | 266,760,000 | 2023 | +4.01% | +4% | View data |
| 3 | 3 Spain | 144,580,000 | 2023 | +1.22% | -1.03% | View data |
| 4 | 4 Germany | 117,890,000 | 2023 | -6.44% | -5.29% | |
| 5 | 5 United Kingdom | 117,420,000 | 2023 | -1.49% | +0.34% | View data |
| 6 | 6 Sri Lanka | 104,800,000 | 2023 | +3.84% | +4.14% | View data |
