In 2023, Germany led the European production of narrow woven fabrics, with 345.33 million euros, experiencing a modest growth of 2.66%. Italy and Spain followed; Italy's production slightly declined by 4.35% while Spain grew by 3.25%. France saw a decrease of 3.83%, and the UK also contracted by 2.74%. Portugal showed the most significant growth at 5.58%. Smaller markets like Estonia showed a sharp decrease of 23.82%. CAGR over the past five years indicates steady growth for Germany and fluctuating trends across other countries.
Future trends to watch include:
- Potential shift in production from Western to Eastern Europe due to cost efficiencies.
- Increasing demand for sustainable fabric production across the EU.
- Impact of technological advancements on production efficiency and cost reduction.
- Potential changes in trade policies affecting cross-border fabric trade within Europe.
Top countries in Sold Production of Narrow Woven Fabrics Other Than Labels, Badges and Other Similar Articles by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 345,330,000 | 2023 | -0.52% | +2.66% | View data |
| 2 | 2 Italy | 278,390,000 | 2023 | -0.29% | -4.35% | View data |
| 3 | 3 Spain | 179,100,000 | 2023 | +2.15% | +3.25% | View data |
| 4 | 4 France | 168,990,000 | 2023 | -4.58% | -3.83% | View data |
| 5 | 5 United Kingdom | 56,810,000 | 2023 | -3.8% | -2.74% | View data |
| 6 | 6 Austria | 35,516,000 | 2023 | +3.67% | -3% | View data |
| 7 | 7 Portugal | 30,043,000 | 2023 | +1.8% | +5.58% | View data |
| 8 | 8 Poland | 20,697,000 | 2023 | +1.32% | +1.55% | View data |
| 9 | 9 Czechia | 12,151,000 | 2023 | |||
| 10 | 10 Finland | 9,150,700 | 2023 | +1.61% | +1.29% | View data |
