In 2023, Germany led the European market with 444.08 million euros in sold production of textile wicks, conveyor belts or belting, followed by Italy at 97.966 million euros and the United Kingdom at 96.965 million euros. France, Poland, Belgium, Sweden, and Denmark also demonstrated significant production values, with figures ranging from 84.375 to 33.955 million euros. Smaller markets included Finland, Spain, Hungary, Estonia, Bulgaria, Slovakia, and Lithuania.
Year-on-year variations indicate notable trends, with Poland, Hungary, Estonia, and Slovakia showing the highest growth rates at 7.37%, 7.76%, 8.08%, and 10.63% respectively. In contrast, the United Kingdom saw a decrease of 2.01%, while France experienced a slight decline of 0.7%. The market in Finland grew by 3.8%, and Denmark by 3.14%, demonstrating positive momentum in Northern Europe. Other countries like Italy, Belgium, Sweden, Spain, Bulgaria, and Lithuania exhibited modest growth rates ranging from 1.08% to 2.91%.
Future trends to watch for include technological advancements in textile manufacturing, increasing demand for specialized conveyor belts in various industries, and potential market expansion in Eastern Europe. Sustainability and eco-friendly production processes are likely to be key drivers of growth and competition among the leading countries.
Top countries in Sold Production of Textile Wicks, Conveyor Belts or Belting by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 444,080,000 | 2021 | +4.25% | View data | |
| 2 | 2 Italy | 97,966,000 | 2023 | +11.88% | +1.14% | View data |
| 3 | 3 United Kingdom | 96,965,000 | 2023 | +0.66% | -2.01% | View data |
| 4 | 4 France | 84,375,000 | 2023 | +9.5% | -0.7% | View data |
| 5 | 5 Poland | 67,380,000 | 2023 | +4.97% | +7.37% | View data |
| 6 | 6 Belgium | 57,728,000 | 2023 | +1.81% | +1.93% | View data |
| 7 | 7 Sweden | 50,387,000 | 2023 | +7.48% | +1.59% | View data |
| 8 | 8 Denmark | 33,955,000 | 2023 | +8.57% | +3.14% | View data |
| 9 | 9 Finland | 29,154,000 | 2023 | -0.32% | +3.8% | View data |
| 10 | 10 Spain | 15,191,000 | 2023 | +3.12% | +1.08% | View data |
