The market for non-coloured cotton fabrics weighing at least 200 g/m² in Romania has experienced a consistent decline from 2013 to 2023, with a notable decrease in value from 149.76 million Euros in 2013 to 97.949 million Euros in 2023. The year-on-year variations reveal continuous negative growth since 2015, with more significant downturns between 2016 and 2021. In the last two years, the decline has slowed somewhat, registering decreases of around 1.87% and 1.91%. The five-year compounded annual growth rate (CAGR) from 2018 to 2023 shows an average annual decrease of approximately 4.8%.
Future trends to watch for may include:
- A potential market stabilization or further decline depending on the global demand and manufacturing strategies.
- The potential impact of economic recovery post-COVID-19 on the textile industry.
- Environmental and sustainability factors influencing cotton fabric production and import practices.
- The role of technological advancements in increasing fabric efficiency and cost-effectiveness.
