The Portuguese market for woven fabrics of carded or combed wool, fine animal hair, coarse animal hair, or horsehair, experienced fluctuations from 2013 to 2023. By 2023, the market reached a size of 5.7617 million square meters. Notable changes include a significant drop in 2020 (-15.32% YoY), followed by a robust recovery in 2021 (22.63% YoY). Despite recent stability, the compound annual growth rate over the past five years was modest, at 1.51%.
Going forward, potential factors impacting the market include:
- Fluctuations in global demand for wool and animal hair products.
- Trends towards sustainable and eco-friendly materials, influencing consumer preferences.
- Technological advancements in textile manufacturing, potentially improving efficiency and product offerings.