The Croatian market for knitted or crocheted fabrics has witnessed a continuous decline over the past decade, with the market value shrinking from 94.137 million euros in 2013 to 34.625 million euros in 2023. The most substantial decreases occurred in 2016 with a yearly drop of 25.63% and 2022 with a decline of 16.18%. The average annual contraction for the market over the last five years was 9.41%. By 2023, this market stood at 34.625 million euros, highlighting the challenging economic and competitive conditions within the sector.
Future trends to watch for:
- Further technological advancements in textile production.
- Shifts towards more sustainable and eco-friendly materials.
- Possible market recovery with innovative product offerings.
- Changes in trade policies impacting import and export dynamics.
How does Croatia 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% | View data |
| 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 |
| 7 | 7 Hungary | 55,508,000 | 2023 | -3.14% | -2.52% | View data |
| 8 | 8 Lithuania | 40,572,000 | 2023 | -1.68% | -1.44% | View data |
| 9 | 9 Croatia | 34,625,000 | 2023 | -13.49% | -9.41% | |
| 10 | 10 Estonia | 24,485,000 | 2023 | +2.26% | +1.25% | View data |
