From 2013 to 2023, the Spinning and Weaving Machines Parts and Accessories Market in Croatia has seen fluctuating trends. The market size peaked in 2016 at 2.7736 million euros, followed by a consistent decline from 2017 through 2023, reaching 1.9528 million euros in 2023. The year-on-year variations illustrate an initial growth trend followed by a marked decline starting in 2017. Over the last five years, the market witnessed an average compound annual growth rate of -3.03%, indicating a gradual contraction.
Future trends to watch for include potential revitalization efforts within the textile industry in Croatia, increased adoption of technology that could drive changes in demand, and shifts in global trade impacting local production and accessory needs.
How does Croatia rank in Spinning and Weaving Machines Parts and Accessories Market Size Value?
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 770,710,000 | 2023 | -0.41% | +0.054% | View data |
| 2 | 2 Finland | 3,480,000 | 2023 | +2.69% | +2.4% | View data |
| 3 | 3 Lithuania | 3,302,300 | 2023 | +1.02% | +2.01% | View data |
| 4 | 4 Greece | 3,234,700 | 2023 | -1.86% | -0.37% | View data |
| 5 | 5 Croatia | 1,952,800 | 2023 | -0.16% | -3.03% |
