The 2024 forecast for European sold production of wadding and articles thereof highlights Italy as the dominant producer with a share of 46.54%, followed by Germany at 27.92%. Spain and France hold smaller shares, at 4.76% and 4.5% respectively. Other noteworthy contributors are Lithuania, Poland, and Bulgaria, all maintaining modest shares. Over 2023, Italy saw significant growth at 25.24%, energized by increased production capacity. Conversely, France experienced a notable decline of 14.67%, indicating potential structural challenges. The UK's 21.16% rise suggests a recovery or an innovation-driven boost. Over five years, Italy leads with a robust CAGR.
Looking ahead, trends indicate potential for growth in Eastern European countries like Lithuania and Serbia, given their recent positive trajectories. Continued investment in technology and sustainability practices could reshape market dynamics, fostering increased competitiveness across the region.
Top countries in Sold Production of Wadding and Articles Thereof Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 46.54 | 2023 | +8.09% | +25.24% | View data |
| 2 | 2 Germany | 27.92 | 2023 | +10.17% | +3.24% | View data |
| 3 | 3 Spain | 4.76 | 2023 | +1.77% | +1.51% | View data |
| 4 | 4 France | 4.5 | 2023 | -5.96% | -14.67% | View data |
| 5 | 5 Lithuania | 3.34 | 2023 | +3.29% | +3.53% | View data |
| 6 | 6 Poland | 2.44 | 2023 | +0.49% | -0.5% | View data |
| 7 | 7 Bulgaria | 2.24 | 2023 | +0.8% | -0.96% | View data |
| 8 | 8 United Kingdom | 2.17 | 2023 | +1.81% | +21.16% | View data |
| 9 | 9 Greece | 1.79 | 2023 | +3.55% | +13.8% | View data |
| 10 | 10 Croatia | 0.48 | 2023 | +2.15% | -0.96% | View data |
