The analysis of European sold production of synthetic staple fibres yarn with less than 85% weight composition shows Romania leading with 55.68 million kg in 2023 but experiencing a slight decline of 1.66% year-on-year. Italy and Germany faced more significant reductions, at 6.88% and 4.24% respectively, while Spain increased by 1.51%. Portugal achieved the highest growth rate at 6.59%, indicating an upward trend, unlike Poland, which dramatically decreased by 24.27%. Lithuania and Belgium saw modest year-on-year growth, while Finland remained stable. The five-year CAGR highlights a diversifying environment with varying capital shifts and demand dynamics across countries.
Future market trends to watch for include:
- Potential growth in developing markets like Portugal due to increased demand and capacity expansions.
- Continued decline in countries facing competitive global pressures, like Italy and Germany.
- Advancements in technology affecting production efficiency and sustainability measures.
- Potential impact from economic and regulatory changes within the EU affecting 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 | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 55,680,000 | 2023 | +1% | -1.66% | View data |
| 2 | 2 Italy | 28,747,000 | 2023 | -4.41% | -6.88% | View data |
| 3 | 3 Spain | 20,175,000 | 2023 | +1.37% | +1.51% | View data |
| 4 | 4 United Kingdom | 10,910,000 | 2023 | -1.75% | -0.64% | View data |
| 5 | 5 Portugal | 4,323,500 | 2023 | +16.9% | +6.59% | View data |
| 6 | 6 Germany | 1,344,200 | 2023 | -2.07% | -4.24% | View data |
| 7 | 7 Lithuania | 1,018,500 | 2023 | +2.63% | +1.72% | View data |
| 8 | 8 Belgium | 774,680 | 2023 | +17.67% | +2.47% | View data |
| 9 | 9 Poland | 125,060 | 2023 | -26.92% | -24.27% | View data |
| 10 | 10 Finland | 2,390 | 2023 | 0% | View data |
