The market for woven fabrics of carded wool or carded fine animal hair in Bulgaria has displayed a consistent downward trajectory from 2013 to 2023, with a noticeable 4.85% decrease from 2022 to 2023, landing at approximately 1.52 million square meters. Over the past five years, the compound annual growth rate recorded a decline of 4.06%, reflecting a persistent contraction in the market volume.
- Between 2013 and 2016, a steep decline was observed, with yearly reductions often exceeding 10%.
- Post-2020, although there was a minor recovery in 2021, the downward trend continued through to 2023.
Future trends to monitor include advancements in textile technology and shifts in consumer preferences toward sustainable materials, which could influence production dynamics and market demand. Additionally, global economic factors and local policy changes might impact the market landscape.
