The woven fabrics of synthetic staple fibers mixed mainly with cotton in Slovakia experienced a notable decline in market size value from 2013 to 2023, decreasing to 9.0344 million Euros. Between 2013 and 2017, the market contracted significantly, with a steep drop evident in 2017, where the market suffered over 14% reduction year-on-year. Although there were slight recoveries in 2019 and 2021, the general trend was a gradual decrease, with a five-year CAGR of -1.03% by 2023.
Future trends to watch for include technological advancements in textile manufacturing, shifting consumer preferences towards sustainable fabrics, and potential impacts from global trade policies that may affect Slovakia's textile sector. Encouraging signs could arise from innovative synthetic blends or an increased focus on export opportunities to revitalize growth in the market.
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 58,741,000 | 2023 | +1.76% | +0.34% | View data |
| 2 | 2 Spain | 49,786,000 | 2023 | -4.42% | -1.45% | View data |
| 3 | 3 Bulgaria | 22,952,000 | 2023 | +0.01% | +1.4% | View data |
| 4 | 4 Estonia | 17,211,000 | 2023 | +0.93% | +0.8% | View data |
| 5 | 5 Lithuania | 13,826,000 | 2023 | -3.29% | -3.01% | View data |
| 6 | 6 Slovakia | 9,034,400 | 2023 | -1.63% | -1.03% | |
| 7 | 7 Czech Republic | 7,045,400 | 2023 | -5.66% | -4.39% | View data |
