In 2023, Austria led the European market for blankets and travelling rugs from textile materials (excluding wool or fine animal hair and synthetic fibres) with a significant sold production value. Austria experienced a robust year-on-year growth rate of 19.27%, indicating a strong market demand. Portugal, while having a lower production value than Austria, still marked positive growth at 4.87%. Italy, despite being a sizable market, saw a decline of 7.63% in production value. Estonia's production surged by 64.97%, showing potential as an emerging market, while many other countries showed either negligible growth or declines, with the United Kingdom experiencing a sharp decrease of 60.57%.
Future trends to watch involve the consolidation of production in stronger markets like Austria and Portugal, potential growth in emerging regions like Estonia, and the necessity for traditionally larger markets, such as Italy, to innovate and adapt to maintain competitive. The varying performances highlight a rapidly shifting European textile landscape, necessitating focus on efficiency and differentiation in production strategies.
Top countries in Sold Production of Blankets and Travelling Rugs of Textile Materials Excluding Wool or Fine Animal Hair and Synthetic Fibres by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 16,575,000 | 2023 | +19.22% | +19.27% | View data |
| 2 | 2 Portugal | 11,098,000 | 2023 | +9.67% | +4.87% | View data |
| 3 | 3 Italy | 2,292,300 | 2023 | +1.47% | -7.63% | View data |
| 4 | 4 Estonia | 1,786,100 | 2023 | +1.51% | +64.97% | View data |
| 5 | 5 Czechia | 813,190 | 2023 | |||
| 6 | 6 Lithuania | 687,410 | 2023 | +2.74% | +3.54% | View data |
| 7 | 7 Spain | 246,000 | 2021 | -0.79% | -11.34% | View data |
| 8 | 8 Denmark | 127,930 | 2023 | +10.15% | -6.73% | View data |
| 9 | 9 Hungary | 15,640 | 2023 | +6.48% | +60.85% | View data |
| 10 | 10 United Kingdom | 1,250 | 2023 | -88.01% | -60.57% | View data |
