The market for woven fabrics of synthetic filament yarns in Bulgaria has shown a consistent decrease in value from 2019 to 2023, reaching a value of 53.594 million Euros in 2023. Over the last two years, the market contracted year-on-year by approximately 5.82% and 6.03% in 2022 and 2023, respectively. The five-year period leading up to 2023 witnessed a cumulative average growth rate (CAGR) of -9.03%, highlighting a clear downward trend.
Looking ahead, potential factors to monitor include technological advancements in synthetic materials, shifts in consumer preferences, and the impact of economic policies on import and export activities. Increasing environmental concerns and regulations may also influence market dynamics and demand for sustainable alternatives.
How does Bulgaria rank in Woven Fabrics of Synthetic Filament Yarns Market Size Value?
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 444,140,000 | 2023 | +7.63% | +3.05% | View data |
| 2 | 2 Romania | 229,730,000 | 2023 | -4.96% | -5.3% | View data |
| 3 | 3 United Kingdom | 204,400,000 | 2023 | +1.37% | +1.37% | View data |
| 4 | 4 Czech Republic | 147,870,000 | 2023 | +0.033% | +0.26% | View data |
| 5 | 5 Austria | 57,434,000 | 2023 | -2.37% | -0.47% | View data |
| 6 | 6 Hungary | 53,937,000 | 2023 | +3.35% | +3.84% | View data |
| 7 | 7 Bulgaria | 53,594,000 | 2023 | -6.03% | -9.03% | |
| 8 | 8 Greece | 25,780,000 | 2023 | -0.31% | -1.23% | View data |
| 9 | 9 Estonia | 25,226,000 | 2023 | +3.75% | +2.89% | View data |
