From 2013 to 2015, the production of woven fabrics of synthetic filament yarns in Italy remained stagnant. However, between 2016 and 2019, the industry experienced significant growth, peaking with a 39.6% increase in 2019. The onset of the COVID-19 pandemic contributed to a sharp decline of 45.05% in 2020, followed by another drop of 7.81% in 2021. Production rebounded in 2022 with a 36.67% increase but saw a slight decrease of 2.53% in 2023, standing at 73,253,000 unit square meters. From 2024 onwards, the forecast indicates a stable and modest rise, with a CAGR of 0.01% and an overall growth rate of 0.04% by 2028.
Future trends to watch for include:
- Impact of technological advancements on production efficiency.
- Changes in global demand for synthetic filament yarns.
- Environmental regulations affecting material usage.
- Potential market disruptions due to geopolitical factors.
