The European synthetic staple fibres yarn market, dominated by Germany with a market value of 106.55 million Euros in 2024, showed diverse performance across countries. Spain and Italy, with significant figures but negative YOY variations at -1.44% and -10.57% in 2023, indicate declines. The UK, in contrast, experienced a slight growth of 3.52%. Eastern European markets like Bulgaria and Poland also saw shrinkage, with the latter contracting by 15.3% in 2023. Notably, Denmark's market surged by 44.49%, but its overall size remains modest. Looking at the five-year horizon, a calculated CAGR highlights consistent underperformance across most nations.
Future trends suggest that technological advancements in fibre production and a shift towards sustainable practices may create opportunities for market growth. Watch for innovation-driven expansions in Germany, potential market stabilization in Spain and Italy, and emerging strengths in Eastern Europe due to cost advantages and EU industrial policies.
Top countries in Sold Production of Synthetic Staple Fibres Yarn Containing at Least 85% by Weight of Such Fibres by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 106,550,000 | 2023 | -4.9% | -7.83% | View data |
| 2 | 2 Spain | 69,497,000 | 2023 | +2.87% | -1.44% | View data |
| 3 | 3 Italy | 52,693,000 | 2023 | -5.53% | -10.57% | View data |
| 4 | 4 United Kingdom | 16,983,000 | 2023 | +5.95% | +3.52% | View data |
| 5 | 5 Bulgaria | 7,245,900 | 2023 | -5.73% | -2.28% | View data |
| 6 | 6 Portugal | 5,596,300 | 2023 | -6.4% | -8.76% | View data |
| 7 | 7 Lithuania | 3,226,100 | 2023 | -11.4% | -7.68% | View data |
| 8 | 8 Poland | 1,726,000 | 2023 | -18.46% | -15.3% | View data |
| 9 | 9 Hungary | 741,250 | 2023 | -3.9% | -6.09% | View data |
| 10 | 10 Denmark | 492,700 | 2023 | +122.25% | +44.49% | View data |
