In 2023, the production of woven fabrics of synthetic and artificial filament yarn in Italy stood at a level prior to 207.72 million square meters. The forecasted data from 2024 to 2028 indicate a consistent decline in production, with notable year-on-year percentage decreases. Specifically, there is an expected reduction from 207.72 million square meters in 2024 to 88.266 million square meters in 2028. The compound annual growth rate (CAGR) over these five years forecasts an average annual decrease in production, reflecting a significant downward trend.
Future trends to watch for include:
- Potential impacts of technological advancements in sustainable fabric production, possibly altering demand dynamics.
- Economic and regulatory changes in the European textile industry that may influence production costs and volumes.
- Shifts in global trade agreements and relationships affecting material imports and exports.
- Consumer trends towards sustainable and eco-friendly products potentially reducing demand for synthetic fabrics.