The Textile Fibres Preparation and Spinning Market in Italy has experienced a notable decline over the past decade. The market volume decreased from 810.45 million kilograms in 2013 to 631.42 million kilograms in 2023. Significant year-on-year variations include a sharp drop of 14.32% in 2015 and a 2.51% decrease in 2022. Over the last five years, the compound annual growth rate (CAGR) of the market volume has averaged -2.41%, indicating a continued downward trend. In the previous two years (2022-2023), the market witnessed further contraction with an average decline of 1.88% per year.
Future trends to watch for:
- Adoption of sustainable and eco-friendly practices in fibre production and spinning.
- Technological advancements in spinning machinery and automation.
- Market recovery dependent on economic conditions and global trade policies.
- Shift towards high-performance and technical textile fibers.
| # | 11 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 631,420,000 | 2023 | -1.24% | -2.41% | |
| 2 | 2 Spain | 301,070,000 | 2023 | -0.037% | -0.66% | View data |
| 3 | 3 Portugal | 177,410,000 | 2023 | +2.75% | -3.23% | View data |
| 4 | 4 Germany | 152,790,000 | 2023 | -0.46% | -0.79% | View data |
| 5 | 5 Poland | 76,667,000 | 2023 | +2.06% | -0.34% | View data |
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