The Lithuanian synthetic fibers market has shown a steady increase in volume from 2013, reaching 42.118 million kilograms in 2023. Notably, 2017 experienced a significant spike, while 2019 and 2020 saw slight declines. The market rebounded in 2021 and continued to grow through 2023. The year-on-year growth for the last two years was 1.84% and 3.13%, respectively. The compound annual growth rate (CAGR) over the last five years was 2.26%.
Future trends to watch for:
- Innovation in sustainable synthetic fiber production.
- Increasing demand for eco-friendly textiles.
- Potential for market growth due to technological advancements.
How does Lithuania rank in Synthetic Fibers Market Size Volume?
| # | 13 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 485,890,000 | 2023 | -0.65% | -3.4% | View data |
| 2 | 2 Italy | 463,400,000 | 2023 | -0.63% | +1.51% | View data |
| 3 | 3 Poland | 240,450,000 | 2023 | +3.21% | +2.84% | View data |
| 4 | 4 United Kingdom | 239,660,000 | 2023 | +1.77% | +1.55% | View data |
| 5 | 5 Spain | 230,410,000 | 2023 | +2.57% | +1.41% | View data |
| 7 | 7 Czech Republic | 85,866,000 | 2023 | +1.35% | -0.085% | View data |
| 8 | 8 Denmark | 76,880,000 | 2023 | -0.67% | -0.43% | View data |
| 9 | 9 Lithuania | 42,118,000 | 2023 | +3.13% | +2.26% | |
| 10 | 10 Hungary | 30,447,000 | 2023 | +0.53% | +1.35% | View data |
| 11 | 11 Estonia | 28,357,000 | 2023 | +3.72% | +5.21% | View data |
