From 2013 to 2023, the market for pile knit or crochet fabric of cotton in Austria has shown a steady upward trend, reaching 1124.2 thousand US dollars in 2023. The market experienced the most significant annual growth of 26.49% in 2014 and continued with moderate increases over the decade. The compound annual growth rate (CAGR) over the last five years is 1.95%, highlighting a decelerating growth pattern in recent years. The year-on-year growth rate for 2023 was 1.87%, reflecting a stable yet slowing market trend.
Future trends to watch for in this market include:
- Potential impacts from technological advancements in textile production, possibly improving efficiency and quality.
- Increased consumer demand for sustainable and eco-friendly products may influence market dynamics.
- Global economic factors can impact import-export dynamics influencing the Austrian market size.
- Policy changes regarding trade barriers and tariffs might affect market growth.
| # | 5 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 9,029,000 | 2023 | +0.37% | +0.41% | View data |
| 2 | 2 Japan | 5,194,500 | 2023 | -0.21% | -0.22% | View data |
| 3 | 3 South Africa | 4,307,900 | 2023 | +1.45% | +1.23% | View data |
| 4 | 4 Austria | 1,124,200 | 2023 | +1.87% | +1.95% | |
| 5 | 5 Switzerland | 704,520 | 2023 | -0.65% | -2.15% | View data |
