The embroidery in the piece in strips or in motifs market in Italy saw a fluctuating trend over the years, peaking at €485.79 million in 2017 before declining and making a gradual recovery in recent years, reaching €442.88 million in 2023. The year-on-year growth between 2022 and 2023 was 2.9%, indicating limited recovery. The 5-year CAGR of -1.29% signals a declining trend from 2018 to 2023.
Future trends to watch include:
- Resurgence in traditional crafts driven by demand for bespoke and personalized products.
- Potential growth in digital embroidery technologies boosting efficiency and creativity.
- Exploration of sustainable practices in embroidery manufacturing.
- Impacts of economic fluctuations on consumer spending in luxury goods, including embroidery.
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 442,880,000 | 2023 | +2.9% | -1.29% | |
| 2 | 2 France | 176,340,000 | 2023 | +1.85% | +2.62% | View data |
| 3 | 3 Germany | 73,926,000 | 2023 | +3.48% | +0.3% | View data |
| 4 | 4 Portugal | 39,329,000 | 2023 | +1.14% | +1% | View data |
| 5 | 5 United Kingdom | 20,308,000 | 2023 | -2.38% | -2.54% | View data |
