The embroidery market in Germany, specifically focused on pieces in strips or motifs, has shown varying trends from 2013 to 2023. In 2023, the market's value stood at 73.926 million euros. Over the last decade, the market faced a significant downturn in 2020 with a -13.05% year-on-year change, recovering in subsequent years. The average annual growth rate over the past five years is approximately 0.3%, indicating a modest recovery post the 2020 drop.
Future trends to watch for include:
- An ongoing recovery and potential growth post-pandemic as the economic environment stabilizes.
- Technological advancements in embroidery techniques that could drive further demand.
- Increased sustainability and eco-friendly practices that may affect supply chain dynamics.
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 442,880,000 | 2023 | +2.9% | -1.29% | View data |
| 2 | 2 France | 176,340,000 | 2023 | +1.85% | +2.62% | View data |
| 3 | 3 Germany | 73,926,000 | 2023 | +3.48% | +0.3% | |
| 4 | 4 Portugal | 39,329,000 | 2023 | +1.14% | +1% | View data |
| 5 | 5 United Kingdom | 20,308,000 | 2023 | -2.38% | -2.54% | View data |
