The Polyamide and Polyester High Tenacity Filament Yarn market in Lithuania witnessed varied growth patterns from 2013 to 2023, ending with a market size of 7.5663 million euros in 2023. The market saw notable fluctuations, with significant growth in 2017 due to a remarkable 47.72% increase and a marked contraction in 2016 with a 9.41% decline. The market displayed an overall growth pattern with a CAGR of 3.02% from 2018 to 2023. Year-over-year growth in 2022 and 2023 stood at 4.27% and 4.05%, respectively, indicating recovery and stabilization.
Future trends to watch include:
- Increasing industrial applications driving demand for high tenacity yarns.
- Potential impact of sustainability practices on production and materials.
- Global economic factors influencing export markets and pricing strategies.
- Technological advancements enhancing yarn quality and performance.
