From 2013 to 2023, the sold production of woven fabrics of synthetic staple fibers in Italy saw fluctuations with an overall declining trend until 2016, followed by a significant recovery. Notable movements include a sharp increase in 2018 and a substantial drop in 2020 due to the pandemic, but the value rebounded strongly in 2022 and continued to grow in 2023, reaching 570.06 Million Euros. A year-on-year increase of 17.9% was observed in 2023, with an average annual variation of 1.98% over the last 5 years. The forecast indicates a projected CAGR of 2.28% from 2024 to 2028, suggesting a moderate yet steady growth rate.
Future trends to watch:
- Technological advancements in synthetic fiber production
- Shifts in consumer demand towards sustainable and eco-friendly fabrics
- Changes in global trade policies and their impact on the Italian textile industry