The Narrow Woven Fabrics market in Portugal increased steadily from 78.95 million euros in 2013 to 117.99 million euros in 2023. It highlighted the recovery and growth post-2018. Despite a decline in 2018, reaching 92.83 million euros, the market rebounded, achieving consistent year-on-year growth above 3% from 2021 onwards. A compound annual growth rate (CAGR) of 4.91% over the last five years underscores the market’s resilience and upward trajectory.
Future trends to watch for:
- Continued demand in specialized applications like automotive and fashion may drive further growth.
- Innovation in materials and sustainable production processes could shape market dynamics.
- Potential economic uncertainties and regulatory changes in the EU may create new challenges and opportunities.
How does Portugal rank in Narrow Woven Fabrics Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 340,090,000 | 2023 | +2.45% | +1.52% | View data |
| 2 | 2 Spain | 275,680,000 | 2023 | +4.52% | +3.76% | View data |
| 3 | 3 Poland | 123,990,000 | 2023 | +3.29% | +1% | View data |
| 4 | 4 Portugal | 117,990,000 | 2023 | +3.07% | +4.91% | |
| 5 | 5 Czech Republic | 88,757,000 | 2023 | +2.84% | +0.0083% | View data |
| 6 | 6 Romania | 67,012,000 | 2023 | -11.06% | -10.08% | View data |
