The Cotton Yarn Market in Lithuania has shown fluctuating trends over the past decade. In 2023, the market volume stood at 1.7558 Million Kilograms, marking a year-on-year increase of 3.22%. Over the last five years, the compound annual growth rate (CAGR) was 3.11%, indicating a gradual recovery and growth compared to the earlier declining trend. The market experienced some downturns between 2013 and 2019, with a notable rebound beginning in 2020.
Future trends to watch for include:
- An emphasis on sustainability leading to demand shifts towards organic and ethically sourced cotton yarns.
- Technological advancements in textile manufacturing improving efficiency and quality.
- Potential impacts of economic conditions on consumer spending and industrial activity in Europe impacting demand.
How does Lithuania rank in Cotton Yarn Market Size Volume?
| # | 12 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 104,440,000 | 2023 | -0.35% | -1.05% | View data |
| 2 | 2 Germany | 32,382,000 | 2023 | -6.47% | -6.54% | View data |
| 3 | 3 Poland | 24,692,000 | 2023 | -0.69% | +0.77% | View data |
| 4 | 4 France | 18,121,000 | 2023 | +0.18% | +3.3% | View data |
| 5 | 5 Czech Republic | 10,821,000 | 2023 | -9.81% | -5.61% | View data |
| 9 | 9 Croatia | 2,753,700 | 2023 | +0.21% | -1.07% | View data |
| 10 | 10 Hungary | 2,451,200 | 2023 | +0.1% | +0.55% | View data |
| 11 | 11 Lithuania | 1,755,800 | 2023 | +3.22% | +3.11% | |
| 12 | 12 Sweden | 300,990 | 2023 | -3.92% | -3.36% | View data |
