In 2023, Italy led European production of ties, bow ties, and cravats made from materials other than silk, with a commanding share of 71.15%, despite a decline of 14.12% from the previous year. The United Kingdom followed at 20.97%, down by 4.02%. Spain, Bulgaria, Romania, Serbia, and others held significantly smaller portions, with Spain at 1.49% and others under 0.4%. Noteworthy growths include Hungary's rise by 15.34% and Serbia's increase by 2.03%. Lithuania saw a notable downturn of 18.39%.
Future trends to watch involve the emergence of sustainable materials, which may affect production rankings as countries adapt to industry shifts. Additionally, economic factors could influence consumer preferences and market dynamics in the European textile industry.
Top countries in Sold Production of Ties, Bow Ties and Cravats Other Than of Silk or Silk Waste Share by Country (Euros)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 71.15 | 2023 | +70.92% | -14.12% | View data |
| 2 | 2 United Kingdom | 20.97 | 2023 | -7.92% | -4.02% | View data |
| 3 | 3 Spain | 1.49 | 2023 | -0.71% | -6.93% | View data |
| 4 | 4 Bulgaria | 0.38 | 2023 | +2.04% | +1.54% | View data |
| 5 | 5 Romania | 0.3 | 2023 | -0.29% | -1.57% | View data |
| 6 | 6 Serbia | 0.026 | 2023 | +4.9% | +2.03% | View data |
| 7 | 7 Lithuania | 0.017 | 2023 | -18.2% | -18.39% | View data |
| 8 | 8 Hungary | 0.009 | 2023 | -20.97% | +15.34% | View data |
| 9 | 9 Denmark | 0.002 | 2023 | -31.52% | View data |
