The Swedish market for textile wicks and conveyor belting displayed growth from 2013 to 2016, peaking in 2017 with a value of 72.645 million euros. However, the market witnessed a substantial downturn from 2018, with values declining consistently year-on-year, culminating in a market size of 43.037 million euros in 2023. This represents a significant decrease, marked by a negative CAGR of -6.77% over the past five years.
Future trends to watch for:
- Potential recovery driven by technological advancements in conveyor belt materials and manufacturing.
- Growing demand for automation in industries leading to the increased use of advanced conveyor systems.
- Environmental regulations could drive innovations in more sustainable and eco-friendly materials.
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 60,834,000 | 2023 | +4.6% | +4.77% | View data |
| 2 | 2 Poland | 48,559,000 | 2023 | +0.13% | -0.2% | View data |
| 3 | 3 Denmark | 43,905,000 | 2023 | +1.42% | +1.64% | View data |
| 4 | 4 Sweden | 43,037,000 | 2023 | -10.43% | -6.77% | |
| 5 | 5 Estonia | 7,240,100 | 2023 | -0.0032% | -1.46% | View data |
