The market size value per capita for blankets and travelling rugs of synthetic fibres in Sweden has decreased steadily from 2013 to 2023. It showed a significant decline from 2.19 Euros in 2013 to 1.4 Euros in 2023, marking a steep decline over the decade. The most noticeable year-on-year decline occurred between 2018 and 2019, then picked up slightly in 2021 before declining again towards 2023. The average annual decrease (CAGR) over the last five years was indicative of a market in contraction.
Future trends to watch for include:
- Potential shifts in consumer preferences towards sustainable and eco-friendly materials that could influence synthetic fibre demand.
- Economic factors affecting disposable income levels and impacting consumer spending on non-essential goods.
- Technological advancements in synthetic fibre production possibly leading to more competitive pricing.