In 2023, Italy dominated the European sold production of wool yarn, leading substantially ahead of other countries, with a value of 875.36 million euros. The United Kingdom and Poland followed, albeit at much lower production values. Over the past year, Poland, Norway, and Finland experienced significant growth in production, with Norway and Finland displaying the highest year-on-year percentage increases. Conversely, France and Germany saw notable declines. Over the last five years, there has been a mixed trend in production, with some countries witnessing gradual growth, while others, especially in Western Europe, have faced reductions.
Future trends to watch include the potential for technological advancements in yarn production boosting output in Eastern European countries, while environmental concerns and sustainable practices might shape the industry, influencing production volumes and strategies in Western Europe, especially in leading producers like Italy and the UK.
Top countries in Sold Production of Wool Yarn by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 875,360,000 | 2023 | +7.15% | -0.01% | View data |
| 2 | 2 United Kingdom | 132,700,000 | 2023 | -0.81% | -0.72% | View data |
| 3 | 3 Poland | 111,920,000 | 2023 | +5.84% | +5.33% | View data |
| 4 | 4 Romania | 90,525,000 | 2023 | +5.33% | +1.93% | View data |
| 5 | 5 Denmark | 46,951,000 | 2023 | +24.98% | +0.86% | View data |
| 6 | 6 Lithuania | 42,690,000 | 2023 | +2.97% | +2.96% | View data |
| 7 | 7 Norway | 33,428,000 | 2023 | +3.74% | +7.54% | View data |
| 8 | 8 Finland | 20,844,000 | 2023 | +4.1% | +7.77% | View data |
| 9 | 9 Portugal | 17,431,000 | 2023 | +10.47% | -2.72% | View data |
| 10 | 10 Spain | 11,001,000 | 2023 | -4.69% | -3.69% | View data |
