The 2024 forecasted household expenditures on home textiles in Europe highlight Luxembourg's leading position at €254 per capita, a notable year-on-year increase of 8.36%. Norway follows at €210 with a 2.02% rise, while the Netherlands shows a significant 7.47% increase to €172. Other noteworthy trends include Iceland at €171 (+5.64%) and Denmark at €167 (+5.14%). Sweden, the UK, Austria, and Germany register moderate increases, whereas Spain stands out with a negative growth of -3.58% to €50. Eastern European countries such as Lithuania (+9.16%), Cyprus (+8.81%), and Romania (+8.16%) show robust growth, albeit from lower expenditure baselines.
Future trends to watch in this sector include:
- Continued rising expenditure in luxury markets such as Luxembourg and Norway.
- Sustained growth in Eastern Europe, driven by economic development and increasing consumer spending power.
- Potential market contractions in Spain and similar economies.
- Emerging preferences for sustainable and innovative textile products influencing spending behaviors.
Top countries in Household Expenditure on Home Textiles by Country
| # | 10 Countries | Euros Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Luxembourg | 254 | 2023 | +1.6% | +8.36% | View data |
| 2 | 2 Norway | 210 | 2023 | +1.45% | +2.02% | View data |
| 3 | 3 Netherlands | 172 | 2023 | +7.5% | +7.47% | View data |
| 4 | 4 Iceland | 171 | 2023 | +0.59% | +5.64% | View data |
| 5 | 5 Denmark | 167 | 2023 | +4.38% | +5.14% | View data |
| 6 | 6 Sweden | 152 | 2023 | +1.33% | +4.84% | View data |
| 7 | 7 United Kingdom | 140 | 2023 | +1.45% | +1.49% | View data |
| 8 | 8 Austria | 121 | 2023 | -6.92% | +1.92% | View data |
| 9 | 9 Germany | 119 | 2023 | -0.83% | +1.59% | View data |
| 10 | 10 Ireland | 113 | 2023 | +2.73% | +7.15% | View data |
