The synthetic fibers market in Sweden has shown fluctuating trends over the past decade. Starting at 18.365 million kilograms in 2012, the market experienced both growth and decline, peaking at 20.002 million kilograms in 2018 before dipping to 17.64 million kilograms in 2019. Year-on-year variations have been volatile, with significant fluctuations such as a 7.5% increase in 2014 and an 11.81% decrease in 2019. The compound annual growth rate (CAGR) over the last five years has been negative, reflecting the overall contraction in the market.
In 2023, the market stood similar to 2022 levels, demonstrating limited growth and indicating a potential phase of market stabilization. Over the past two years, the year-on-year variations have shown minimal changes, suggesting a market reaching equilibrium.
Future trends to watch for include the impact of sustainability initiatives on synthetic fiber production, potential technological advancements, and shifts in consumer preferences towards eco-friendly materials. Monitoring these factors will provide insights into whether the synthetic fibers market will rebound or continue to stabilize at current levels.
How does Sweden rank in Synthetic Fibers Market Size Volume?
| # | 13 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 485,890,000 | 2023 | -0.65% | -3.4% | View data |
| 2 | 2 Italy | 463,400,000 | 2023 | -0.63% | +1.51% | View data |
| 3 | 3 Poland | 240,450,000 | 2023 | +3.21% | +2.84% | View data |
| 4 | 4 United Kingdom | 239,660,000 | 2023 | +1.77% | +1.55% | View data |
| 5 | 5 Spain | 230,410,000 | 2023 | +2.57% | +1.41% | View data |
| 11 | 11 Estonia | 28,357,000 | 2023 | +3.72% | +5.21% | View data |
| 12 | 12 Finland | 26,272,000 | 2023 | +3.2% | +4.03% | View data |
| 13 | 13 Sweden | 19,324,000 | 2023 | +1.7% | -0.69% | |
