The European man-made fibres market saw significant shifts in 2023, with contrasting performances across countries. Austria led the turnover share with a positive growth of 3.74%. Germany, despite a substantial turnover, experienced a decline of 3.7%. Italy and Belgium also faced decreases, by 1.08% and 9.27% respectively, indicating potential challenges in these markets. Meanwhile, Poland marked a growth of 2.68%, and France showed a positive change of 3.35%, signaling stability or gradual recovery. In contrast, the UK and other Southern European countries like Spain and Portugal recorded declines, illustrating varying regional dynamics in the fibre industry.
Future trends to watch include:
- The potential recovery in larger markets such as Germany and the UK, as they adapt to global economic shifts and innovation trends.
- Austria’s continued leadership in growth, potentially leveraging its strong market position.
- The role of sustainability and technology advancements in driving new opportunities across European markets.
- Monitoring smaller but growing markets like Poland and the Czech Republic for emerging opportunities.
Top countries in Man-Made Fibres Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 29.85 | 2023 | +10.82% | +3.74% | View data |
| 2 | 2 Germany | 25.1 | 2023 | -2.96% | -3.7% | View data |
| 3 | 3 Italy | 17.04 | 2023 | +3.81% | -1.08% | View data |
| 4 | 4 Belgium | 7.32 | 2023 | -0.22% | -9.27% | View data |
| 5 | 5 Spain | 5.08 | 2023 | +2.32% | -5.27% | View data |
| 6 | 6 United Kingdom | 4.74 | 2023 | -1.62% | -6.34% | View data |
| 7 | 7 Poland | 1.84 | 2023 | +3.31% | +2.68% | View data |
| 8 | 8 Romania | 1.68 | 2023 | +5.89% | -0.34% | View data |
| 9 | 9 France | 1.67 | 2023 | -3.56% | +3.35% | View data |
| 10 | 10 Portugal | 1.63 | 2023 | +4.11% | -1.71% | View data |
