The Woven Fabrics of Synthetic Filament Yarns market in Austria has experienced a fluctuating trend over the past decade. Starting at 65.879 million euros in 2012, the market saw significant growth through 2014, peaking at 83.145 million euros. However, from 2015 onwards, the market entered a period of decline, punctuated by occasional upticks such as the 11.42% increase in 2020. As of 2023, the market stands at 60.925 million euros, indicating a slight stabilization.
Year-on-year percentage variations reveal substantial volatility: a notable increase of 15.42% in 2013 and 9.34% in 2014, followed by significant drops in subsequent years. The compound annual growth rate (CAGR) reflects this inconsistency, with a recent five-year average of -2.35% highlighting the ongoing contraction in the market.
Future trends to watch for include:
- Innovations in synthetic fiber technology that could boost demand.
- Market recovery post-COVID-19 disruptions.
- Potential impacts of sustainability and environmental regulations.
How does Austria rank in Woven Fabrics of Synthetic Filament Yarns Market Size Value?
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 444,140,000 | 2023 | +7.63% | +3.05% | View data |
| 2 | 2 Romania | 229,730,000 | 2023 | -4.96% | -5.3% | View data |
| 3 | 3 United Kingdom | 204,400,000 | 2023 | +1.37% | +1.37% | View data |
| 4 | 4 Czech Republic | 147,870,000 | 2023 | +0.033% | +0.26% | View data |
| 5 | 5 Austria | 57,434,000 | 2023 | -2.37% | -0.47% | |
| 6 | 6 Hungary | 53,937,000 | 2023 | +3.35% | +3.84% | View data |
| 7 | 7 Bulgaria | 53,594,000 | 2023 | -6.03% | -9.03% | View data |
