In 2023, Romania led the European market in sold production of synthetic staple fibres yarn with a value of 271.46 million euros, showing a slight growth of 0.42%. Italy followed but experienced a decline of 8.17%, totaling 115.06 million euros. The UK showed modest growth at 0.48%, reaching 75.816 million euros. Spain, Portugal, and Belgium also saw positive growth rates of 0.47%, 7.17%, and 7.8%, respectively. Conversely, Bulgaria and Poland registered a decrease in production value. Finland remained stable, showing no change. Lithuania saw a positive, albeit small, growth at 2.91%.
Future trends to watch include the potential for innovation and advancements in production technologies in Romania and Portugal, which might drive further growth. Environmental regulations and sustainability trends may impact production levels in countries with declining or stable growth rates, such as Italy and Finland. Market dynamics and geopolitical factors within Europe could influence these trends significantly, affecting trade relationships and production strategies.
Top countries in Sold Production of Synthetic Staple Fibres Yarn Containing at Most 85% by Weight of Such Fibres by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 271,460,000 | 2023 | +1.22% | +0.42% | View data |
| 2 | 2 Italy | 115,060,000 | 2023 | -5.28% | -8.17% | View data |
| 3 | 3 United Kingdom | 75,816,000 | 2023 | -0.55% | +0.48% | View data |
| 4 | 4 Spain | 54,815,000 | 2023 | +0.06% | +0.47% | View data |
| 5 | 5 Portugal | 46,948,000 | 2023 | +17.62% | +7.17% | View data |
| 6 | 6 Bulgaria | 30,143,000 | 2023 | -8.15% | -4.75% | View data |
| 7 | 7 Germany | 9,691,000 | 2021 | +31.51% | View data | |
| 8 | 8 Lithuania | 5,813,600 | 2023 | +3.37% | +2.91% | View data |
| 9 | 9 Belgium | 3,528,300 | 2023 | +16.76% | +7.8% | View data |
| 10 | 10 Poland | 1,587,800 | 2023 | -0.56% | -8.85% | View data |
