The knitted or crocheted fabrics market in Portugal reached a value of 545.06 million Euros in 2023. The market exhibited fluctuations over the last decade, with noticeable drops in 2019 and 2020, followed by a recovery through to 2023. The last five years show a modest average annual growth (CAGR) of 0.71%, with the most recent years' growth reflecting a steady, albeit slow, increase of around 2% year-on-year for 2022 and 2023.
Future trends to watch for include:
- Potential impact of sustainable and eco-friendly practices in textile manufacturing and sourcing.
- Increasing demand for innovative fabric technologies, driving product development and market growth.
- Geopolitical factors and economic conditions potentially influencing trade and pricing.
How does Portugal rank in Knitted or Crocheted Fabrics Market Size Value?
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 545,060,000 | 2023 | +1.99% | +0.71% | |
| 2 | 2 United Kingdom | 305,730,000 | 2023 | -0.16% | +0.2% | View data |
| 3 | 3 Poland | 272,530,000 | 2023 | +1.44% | +1.49% | View data |
| 4 | 4 Bulgaria | 222,530,000 | 2023 | +0.081% | +1% | View data |
| 5 | 5 Romania | 218,950,000 | 2023 | -1.95% | -1.6% | View data |
