In 2023, Germany dominated the European market for Twine, Cordage, Rope, or Cables articles with a 41.65% share. Italy and Spain followed, with 20.99% and 20.29%, respectively. Notably, Italy experienced a significant year-on-year increase of 52.64%, indicating robust growth. Denmark and Lithuania also saw substantial increases of 15.05% and 18.71%, respectively. Conversely, the United Kingdom had a decline of 21.13%, reflecting challenges in its production share. Over the last five years, varying growth trends have been observed across countries, affecting their Compound Annual Growth Rate (CAGR).
Future trends to watch include:
- Germany's potential market consolidation as it maintains its leading position.
- Italy's accelerated growth, potentially leading to increased market influence.
- Monitoring Spain and Denmark for continued growth momentum.
- Observing the response from the United Kingdom to reverse its decline.
Top countries in Sold Production of Twine, Cordage, Rope or Cables Articles Share by Country (Euros)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 41.65 | 2023 | +20.12% | +1.57% | View data |
| 2 | 2 Italy | 20.99 | 2023 | +31.76% | +52.64% | View data |
| 3 | 3 Spain | 20.29 | 2023 | +2.23% | +8.93% | View data |
| 4 | 4 Denmark | 8.04 | 2023 | +14.25% | +15.05% | View data |
| 5 | 5 Romania | 3.58 | 2023 | +2.39% | +8.51% | View data |
| 6 | 6 United Kingdom | 2.58 | 2023 | -2.74% | -21.13% | View data |
| 7 | 7 Bulgaria | 0.73 | 2023 | +2.64% | -4% | View data |
| 8 | 8 Lithuania | 0.68 | 2023 | +6.42% | +18.71% | View data |
| 9 | 9 Slovenia | 0.009 | 2023 | +6.82% | +0.95% | View data |
