The market size for blankets and travelling rugs of synthetic fibres in Portugal experienced varying trends from 2013 to 2023. From 2013 to 2018, the market showed an overall positive growth with minor fluctuations, peaking in 2018. However, a decline was observed from 2019 to 2021 with slight recovery beginning in 2022, continuing into 2023, ending with a value of 1.7445 million. The last two years exhibited modest growth with a Compound Annual Growth Rate (CAGR) decreasing over the five-year span.
Future trends to watch for include innovations in synthetic fiber technology, fluctuations in raw material costs, and consumer preferences shifting towards sustainable and eco-friendly products, which might influence market dynamics significantly.
