In 2023, Austria led the European sold production of blankets and travelling rugs of textile materials, excluding wool or fine animal hair and synthetic fibres, with a significant share of the market, valued at €50.1 million. Portugal followed with €33.54 million, sustaining a modest 4.87% growth. Italy and Denmark observed decreases of 7.63% and 6.73%, respectively. Estonia's share surged by 64.97%, while Hungary also showed a substantial increase of 60.85%. Lithuania and the United Kingdom experienced smaller, yet notable shifts, with the UK witnessing a sharp decline of 60.57%. Over the past five years, Austria demonstrated a steady Compound Annual Growth Rate.
Into 2024 and beyond, the European market is expected to witness increased diversification in material sourcing and production techniques, with a focus on sustainable practices. Countries like Estonia and Hungary may continue their positive growth trends by capitalizing on innovations and favorable trade conditions. Monitoring the impacts of regulatory changes and emerging markets will be crucial for maintaining competitive advantages across the region.
Top countries in Sold Production of Blankets and Travelling Rugs of Textile Materials Excluding Wool or Fine Animal Hair and Synthetic Fibres Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 50.1 | 2023 | +19.22% | +19.27% | View data |
| 2 | 2 Portugal | 33.54 | 2023 | +9.67% | +4.87% | View data |
| 3 | 3 Italy | 6.93 | 2023 | +1.47% | -7.63% | View data |
| 4 | 4 Estonia | 5.4 | 2023 | +1.51% | +64.97% | View data |
| 5 | 5 Czechia | 2.46 | 2023 | |||
| 6 | 6 Lithuania | 2.08 | 2023 | +2.74% | +3.54% | View data |
| 7 | 7 Spain | 0.74 | 2021 | -0.79% | -11.34% | View data |
| 8 | 8 Denmark | 0.39 | 2023 | +10.15% | -6.73% | View data |
| 9 | 9 Hungary | 0.047 | 2023 | +6.48% | +60.85% | View data |
| 10 | 10 United Kingdom | 0.004 | 2023 | -88.01% | -60.57% | View data |
