From 2013 to 2023, Lithuania's market value for Non-Coloured Cotton Fabrics Weighing at Least 200 g/m² declined from 21.651 million euros to 3.9428 million euros. Over the last decade, the market experienced an average yearly contraction, with several sharp declines; notably, a major drop in 2019 by 46.15% and 2023 by 32.7%. From 2019 to 2023, a compound annual growth rate (CAGR) of -21.25% highlights the negative trend, driven by decreasing demand or market saturation.
Looking ahead, industry participants should monitor the impact of technological advances in textile production, shifting fashion trends, and potential economic recovery which may stabilize or stimulate market demand.
