In Lithuania, the cotton yarn market size reached 10.185 million Euros in 2023. The market showed fluctuations over the years, achieving notable growths like 15.77% in 2015 and consecutive increases of around 8% between 2020 and 2021. However, slight declines were recorded in 2022 and 2023 with a year-on-year decrease of around 0.3% each. The compound annual growth rate (CAGR) within the last five years stood at 1.81%, indicating mild but positive growth.
Future trends to watch:
- Sustainability and eco-friendly production processes
- Technological innovations in textile manufacturing
- Shifts in global trade policies affecting imports and exports
- Potential impact of economic conditions on consumer demand
How does Lithuania rank in Cotton Yarn Market Size Value?
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 562,860,000 | 2023 | +1.94% | +2.02% | View data |
| 2 | 2 Germany | 112,640,000 | 2023 | -9.28% | -9.56% | View data |
| 3 | 3 Czech Republic | 87,748,000 | 2023 | +0.5% | -0.47% | View data |
| 4 | 4 Poland | 77,702,000 | 2023 | -1.59% | -1.25% | View data |
| 5 | 5 Romania | 26,031,000 | 2023 | -1.69% | -6.26% | View data |
| 6 | 6 Croatia | 15,905,000 | 2023 | +0.025% | -4.2% | View data |
| 7 | 7 Lithuania | 10,185,000 | 2023 | -0.34% | +1.81% | |
| 8 | 8 Sweden | 3,459,100 | 2023 | -1% | +0.76% | View data |
| 9 | 9 Estonia | 1,508,600 | 2023 | -7.18% | -9.55% | View data |
