In 2023, Italy led the European sold production of cotton yarn, accounting for 52.87% of the share by kilograms, marking a notable increase of 7.13% from the previous year. Spain followed with 37.19%, although experiencing a decline of 2.06%. Estonia showed exceptional growth, doubling its share by 104.86%, whereas most other countries saw negligible changes or decreases, like Bulgaria at -4.19% and Portugal at -39.8%. The smaller players like the United Kingdom, Belgium, and Norway maintained constant shares.
Future trends to watch for include Estonia's remarkable growth, signaling potential increased competition in the cotton yarn market. The stability of Italy’s dominant position should also be examined, alongside Spain’s possible strategies to recover its share.
Top countries in Sold Production of Cotton Yarn Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 52.87 | 2023 | +9.82% | +7.13% | View data |
| 2 | 2 Spain | 37.19 | 2023 | -1.03% | -2.06% | View data |
| 3 | 3 Greece | 5.45 | 2021 | +46.93% | +63.26% | View data |
| 4 | 4 Estonia | 3.4 | 2023 | -13.46% | +104.86% | View data |
| 5 | 5 Germany | 1.33 | 2021 | +2.57% | -22% | View data |
| 6 | 6 France | 1.07 | 2021 | +167.6% | -4.2% | View data |
| 7 | 7 Bulgaria | 0.81 | 2023 | +1.8% | -4.19% | View data |
| 8 | 8 Portugal | 0.78 | 2023 | -58.16% | -39.8% | View data |
| 9 | 9 United Kingdom | 0.24 | 2023 | +2.82% | View data | |
| 10 | 10 Belgium | 0.13 | 2023 | -55.47% | View data |
