The Knitted or Crocheted Pile Fabric market in Guatemala reached a value of 33.741 million USD in 2023. Over the past decade, the market experienced fluctuations with significant growth in 2021 following a downturn in 2020. The last two years saw modest increases, with year-on-year growth rates of 2.24% in 2022 and 2.15% in 2023. The compound annual growth rate (CAGR) over the last five years was 2.24%, indicating stable moderate growth overall despite past volatility.
Future trends to watch for include:
- Adoption of innovative textile technologies.
- Potential expansion in export markets due to increasing global demand.
- Sustainability efforts and shifts towards eco-friendly fabrics.
| # | 19 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 1,021,400,000 | 2023 | +4.22% | +3.63% | View data |
| 2 | 2 Colombia | 266,760,000 | 2023 | +4.01% | +4% | View data |
| 3 | 3 Spain | 144,580,000 | 2023 | +1.22% | -1.03% | View data |
| 4 | 4 Germany | 117,890,000 | 2023 | -6.44% | -5.29% | View data |
| 5 | 5 United Kingdom | 117,420,000 | 2023 | -1.49% | +0.34% | View data |
| 11 | 11 Canada | 59,353,000 | 2023 | -3.51% | -3.83% | View data |
| 12 | 12 Philippines | 37,633,000 | 2023 | -3.53% | -3.41% | View data |
| 13 | 13 Guatemala | 33,741,000 | 2023 | +2.15% | +2.24% | |
| 14 | 14 Greece | 28,097,000 | 2023 | +1.58% | +1.59% | View data |
| 15 | 15 Hungary | 23,960,000 | 2023 | +0.51% | +0.13% | View data |
