The Czech Republic's market for textile fabrics and felts for paper-making or similar machines experienced fluctuating values from 2013 to 2023, decreasing initially before stabilizing around 9.6 million euros in 2023. The most significant decline was in 2020, with a year-on-year drop of over 17%. A notable recovery occurred in 2021 with a 20% increase, but subsequent years showed slight declines around 0.3%. The average annual contraction over the past five years was about 0.32%.
Future trends worth monitoring:
- Potential technological advancements in the industry improving product efficiencies.
- Shifts in demand due to sustainability and eco-friendly production processes.
- Impact of global economic conditions on export and domestic markets.
- Innovations in digitalization and automation within the sector.
How does the Czech Republic rank in Textile Fabrics and Felts for Paper-Making Machines or Similar Machines Market Size Value?
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 86,637,000 | 2023 | -0.41% | +2.22% | View data |
| 2 | 2 Finland | 64,065,000 | 2023 | +1.25% | +0.42% | View data |
| 3 | 3 Poland | 21,405,000 | 2023 | +2.73% | +0.17% | View data |
| 4 | 4 Portugal | 11,051,000 | 2023 | -1.59% | -0.28% | View data |
| 5 | 5 Czech Republic | 9,641,900 | 2023 | -0.29% | -0.32% | |
| 6 | 6 Lithuania | 556,190 | 2023 | -8.26% | -7.26% | View data |
