The market size of cotton yarn of uncombed fibers in Bulgaria, expressed in value, was recorded at 14.567 million Euros in 2023. Over the past two years, the market experienced a downward trend, with the value declining by 5.59% in 2022 and a further reduction of 1.39% in 2023. The compound annual growth rate (CAGR) for the last five years was negative at -1.53%, indicative of a gradual market contraction. This trend reflects fluctuations and a significant dip in 2019, followed by a partial recovery that did not sustain, resulting in a slight downward trajectory by 2023.
Future trends to watch for include:
- Potential impacts from global economic shifts which could influence textile consumption.
- Technological innovations in textile production that might offer efficiency gains and market resurgence.
- Sustainability movements that may push for alternative fiber sources, affecting market dynamics.