The global market for Embroidery without Visible Ground in 2023 saw China and India as the leading exporters, with continuous positive growth in export values. While China experienced a growth rate of 5.57%, India outpaced it with a 6.27% increase. Conversely, traditional European exporters like Switzerland and the United Kingdom faced significant declines, with Switzerland experiencing a dramatic 15.24% decrease. Emerging markets such as Poland and Portugal showed remarkable growth rates, with Poland increasing by 37.72% and Portugal by 18.57%, suggesting shifts in market dynamics.
Future trends to watch include:
- The potential for further growth in Asian markets, particularly China and India, as they continue to dominate the industry.
- European countries may need to innovate or face ongoing declines in market share.
- Watch for emerging markets such as Poland and Portugal which may continue to grow as global exporters.
- Economic and geopolitical factors, such as trade policies and regional stability, may significantly influence future export trends.
Top countries in Export of Embroidery without Visible Ground by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 130,930,000 | 2023 | +4.63% | +5.57% | View data |
| 2 | 2 India | 75,809,000 | 2023 | +4.28% | +6.27% | View data |
| 3 | 3 Thailand | 12,433,000 | 2023 | +3.01% | +2.21% | View data |
| 4 | 4 Italy | 6,234,200 | 2023 | +2.16% | +4.07% | View data |
| 5 | 5 United States | 5,531,500 | 2023 | +4.72% | +3.28% | View data |
| 6 | 6 Germany | 4,780,000 | 2023 | -1.72% | -2.08% | View data |
| 7 | 7 France | 3,985,900 | 2023 | -2.66% | -4.45% | View data |
| 8 | 8 Switzerland | 3,343,000 | 2023 | -17% | -15.24% | View data |
| 9 | 9 Austria | 3,034,500 | 2023 | -14.39% | -8.84% | View data |
| 10 | 10 Pakistan | 1,736,500 | 2023 | +6.16% | +3.67% | View data |
