In 2023, Italy dominated the European market for woven pile and chenille fabrics, accounting for the largest share in euros, despite a slight year-on-year decrease of 0.25%. Germany and France followed, with Germany experiencing a more significant decrease of 2.14% and France 3.24%. Belgium and Lithuania saw substantial declines, with -21.01% and -24.91%, respectively. In contrast, Spain's market share grew by 2.17% year-on-year, signaling positive momentum. Over the past five years, the compound annual growth rates indicated moderate fluctuations, highlighting diverse market dynamics.
Future trends to watch include:
- The potential recovery in countries with declining production, driven by technological advancements and cost-effective solutions.
- Increased emphasis on sustainable production practices may alter market dynamics, affecting each country’s competitive positioning.
- Ongoing geopolitical and economic factors influencing raw material availability and pricing.
Top countries in Sold Production of Woven Pile Fabrics and Chenille Fabrics Share by Country (Euros)
| # | 7 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 60.48 | 2023 | +19.39% | -0.25% | View data |
| 2 | 2 Germany | 15.25 | 2023 | -4.77% | -2.14% | View data |
| 3 | 3 France | 6.51 | 2023 | -0.18% | -3.24% | View data |
| 4 | 4 Czechia | 6.15 | 2023 | |||
| 5 | 5 Belgium | 4.94 | 2023 | -29.73% | -21.01% | View data |
| 6 | 6 Spain | 3.16 | 2023 | +5.08% | +2.17% | View data |
| 7 | 7 Lithuania | 0.11 | 2023 | -45.83% | -24.91% | View data |
