In 2023, Germany led the European sold production of hand towels with 22.08% share, followed by Italy at 14.9%, and France at 14.71%. Significant growth was observed in Poland (4.02%) and Greece (6.14%), while Italy (-3.63%) and the United Kingdom (-3.48%) experienced declines. Despite Estonia's large negative variation (-48.36%), Romania, Lithuania, and Bulgaria showed positive trends with growth rates of 8.0%, 7.26%, and 7.23%, respectively. The average annual growth rate over the last five years (CAGR) shows consistent trends in these markets.
Future trends to watch include Germany's potential to maintain its leading position and emerging markets like Romania and Portugal gaining traction. Monitoring the effects of economic conditions on Italy and the UK will provide insight into possible shifts in market dynamics.
Top countries in Sold Production of Hand Towels Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 22.08 | 2023 | +2.59% | +2.3% | View data |
| 2 | 2 Italy | 14.9 | 2023 | +2.03% | -3.63% | View data |
| 3 | 3 France | 14.71 | 2023 | +1.23% | +1.36% | View data |
| 4 | 4 United Kingdom | 11.33 | 2023 | -0.59% | -3.48% | View data |
| 5 | 5 Poland | 10.67 | 2023 | +3.57% | +4.02% | View data |
| 6 | 6 Spain | 8.32 | 2023 | +1.63% | +3.89% | View data |
| 7 | 7 Sweden | 3.79 | 2023 | +3.33% | +3.58% | View data |
| 8 | 8 Finland | 3.23 | 2023 | +0.99% | +0.43% | View data |
| 9 | 9 Greece | 2.63 | 2023 | +5.03% | +6.14% | View data |
| 10 | 10 Portugal | 2.54 | 2023 | +3.82% | +6.57% | View data |
