The 2023 actual data for European sold production of warp and weft pile fabrics, including chenille fabrics, shows Italy leading significantly with a value share of 60.48 euros, followed by Germany and France at 15.25 euros and 6.51 euros, respectively. Notably, Italy experienced a slight decline in its market share by 0.25%, while Germany and France saw greater reductions of 2.14% and 3.24% respectively. Belgium and Lithuania recorded even sharper declines, with decreases of 21.01% and 24.91%, reflecting significant market challenges. Spain was the exception, recording a year-on-year increase of 2.17%.
Future trends to watch include:
- Potential for growth in Spain as market dynamics shift.
- Recovery opportunities in Belgium and Lithuania amidst increasing competitive pressures.
- The need for Italy, Germany, and France to stabilize market shares amidst economic fluctuations.
Top countries in Sold Production of Warp and Weft Pile Fabrics, Chenille Fabrics Share by Country (Euros)
| # | 7 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 60.48 | 2023 | +19.39% | -0.25% | View data |
| 2 | 2 Germany | 15.25 | 2023 | -4.77% | -2.14% | View data |
| 3 | 3 France | 6.51 | 2023 | -0.18% | -3.24% | View data |
| 4 | 4 Czechia | 6.15 | 2023 | |||
| 5 | 5 Belgium | 4.94 | 2023 | -29.73% | -21.01% | View data |
| 6 | 6 Spain | 3.16 | 2023 | +5.08% | +2.17% | View data |
| 7 | 7 Lithuania | 0.11 | 2023 | -45.83% | -24.91% | View data |
