In 2023, Italy maintained its dominance in the European textile fibre production market despite a decline of 2.55%. France and Romania witnessed modest growth, while Germany faced a notable contraction of 8.27%. Bulgaria and Croatia showed robust increases of 2.13% and 2.62%, respectively. Switzerland and Serbia experienced significant declines, with a sharp drop of 12.35% and 28.4%. Lithuania, Norway, and Estonia showed positive momentum, with Lithuania leading with a 3.07% growth. The most significant developments were seen in smaller markets where volatility is higher.
Future trends to watch:
- Continued investment in technology and sustainable practices in leading countries like Italy and France.
- Potential recovery in Germany, given its strategic importance in Europe.
- Focus on emerging markets like Bulgaria and Croatia, which are demonstrating growth potential.
- Monitoring geopolitical tensions that may impact production dynamics.
Top countries in Preparation and Spinning of Textile Fibres Production Value Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 44.16 | 2023 | +3.02% | -2.55% | View data |
| 2 | 2 France | 10.24 | 2023 | +3.87% | +1.34% | View data |
| 3 | 3 Spain | 9.58 | 2023 | +0.82% | -1.95% | View data |
| 4 | 4 Romania | 5.84 | 2023 | +7.89% | +1.47% | View data |
| 5 | 5 Germany | 4.73 | 2023 | -3.85% | -8.27% | View data |
| 6 | 6 Bulgaria | 4.04 | 2023 | +6.15% | +2.13% | View data |
| 7 | 7 Belgium | 3.5 | 2023 | +6.98% | +1.53% | View data |
| 8 | 8 Poland | 2.95 | 2023 | +2.23% | -1.42% | View data |
| 9 | 9 United Kingdom | 2.72 | 2023 | -6.08% | -2.23% | View data |
| 10 | 10 Portugal | 2.37 | 2023 | +1.38% | -2.24% | View data |
