The Portuguese market for woven fabrics of artificial filament yarns has shown a consistent decline from 2013 to 2023, with a significant decrease from 5.7263 million square meters in 2013 to 3.7708 million square meters in 2023. The year-on-year decreases were most pronounced in recent years, with a -6.53% drop in 2022 and -6.91% in 2023. The five-year CAGR reflects an average annual decline of -5.34%, illustrating a clear downward trend.
Looking forward into 2024 and beyond, potential trends to watch for include:
- Increased adoption of sustainable materials and manufacturing processes in the textile industry.
- Potential recovery driven by fashion industry shifts or emerging markets.
- External economic factors and global supply chain resilience impacting material availability and costs.
