Between 2013 and 2023, Italy's woven fabrics market experienced fluctuations in value, expressed in million Euros, with noted declines until 2016, followed by a rebound peaking in 2018 at 595.07 million Euros. From 2019 onward, the market saw gradual declines to 545.3 million Euros in 2023. The compound annual growth rate (CAGR) over the last five years shows an average annual decline of 1.73%, while year-on-year variations indicate a consistent downward trend since 2020, after a period of relative stability in prior years.
Future trends to watch for:
- Potential shifts towards sustainable and eco-friendly alternatives in response to environmental concerns could influence market dynamics.
- Technological advancements in synthetic fabric production may drive efficiency and cost-effectiveness.
- Global economic conditions and trade policies, particularly involving major textile-exporting markets, will likely impact market trajectory.
How does Italy rank in Woven Fabrics of Synthetic Filament Yarn and Artificial Filament Yarn Market Size Value?
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 570,920,000 | 2023 | +1.45% | +0.98% | View data |
| 2 | 2 Italy | 545,300,000 | 2023 | -1.34% | -1.73% | |
| 3 | 3 Romania | 512,740,000 | 2023 | +6.98% | +0.18% | View data |
| 4 | 4 United Kingdom | 394,940,000 | 2023 | +0.2% | +0.22% | View data |
| 5 | 5 France | 355,840,000 | 2023 | +1.52% | +1.28% | View data |
