From 2013 to 2023, the market for non-coloured cotton fabrics weighing at least 200 g/m² in Croatia saw a decline in value from 6.3091 million euros to 3.898 million euros. This represents an overall decreasing trend over the decade, characterized by alternating periods of negative and modest positive growth. Notably, the year-on-year variation over the last two years shows a decline of 5.49% in 2022 and 5.75% in 2023. The compound annual growth rate from 2018 to 2023 averages a decrease of 1.7% per year, highlighting the market's long-term downward trajectory.
Future trends to watch for include:
- Potential rebound driven by increased demand for environmentally friendly materials.
- Impact of global economic recovery on trade and production costs.
- Innovations in textile technology that may reduce production costs and improve product offerings.