The knitted or crocheted fabrics market in Portugal experienced growth from 2013 to 2017, reaching a peak in 2017. However, a decline set in from 2018, with small fluctuations, resulting in a steady decrease reaching 61.077 million kilograms by 2023. The annual year-on-year variation from 2022 to 2023 showed a slight decrease of 0.25%. The compound annual growth rate over the last five years was negative at -2.49%, indicating a gradual market contraction over this period.
Future trends to watch for:
- Potential recovery or stabilization post-2023.
- Industry innovation, such as sustainable fabric solutions, could rejuvenate demand.
- Attention to competitive global market pressures and changing consumer preferences.
How does Portugal rank in Knitted or Crocheted Fabrics Market Size Volume?
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 58,290,000 | 2023 | -0.25% | -2.49% | |
| 2 | 2 Poland | 31,607,000 | 2023 | -0.23% | -1.33% | View data |
| 3 | 3 Bulgaria | 27,362,000 | 2023 | +1.96% | +2.43% | View data |
| 4 | 4 Romania | 18,963,000 | 2023 | -0.46% | +1.14% | View data |
| 5 | 5 France | 14,310,000 | 2023 | -4.41% | -4.75% | View data |
