The European export of synthetic staple fibers yarn saw Italy leading in 2023 with a 14.36% share, witnessing a minor growth of 1.33% from the previous year. Romania, despite a close share, experienced a decline of 4.28%, while Slovakia and Belgium marked significant increases of 4.6% and 5.92%, respectively. Notably, Bulgaria and Hungary showed strong upward trends with growth rates of 9.27% and 11.08%. Conversely, France and the UK experienced sharp declines of 14.69% and 12.3%, respectively, indicating shifting dynamics in the export landscape.
Looking forward, the European market is expected to see the following trends:
- Enhanced growth in Eastern Europe, with countries like Hungary and Bulgaria potentially increasing their market shares.
- Potential further declines from traditional exporters like France, requiring strategic realignments to maintain competitive advantage.
- Innovation and environmental regulations may influence production and export strategies, impacting growth patterns across the continent.
Top countries in Export of Synthetic Staple Fibres Yarn Containing at Least 85% by Weight of Such Fibres Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 14.36 | 2023 | +1.95% | +1.33% | View data |
| 2 | 2 Romania | 14.29 | 2023 | -2.51% | -4.28% | View data |
| 3 | 3 Slovakia | 10.98 | 2023 | +3.47% | +4.6% | View data |
| 4 | 4 Belgium | 10.7 | 2023 | +7.27% | +5.92% | View data |
| 5 | 5 Spain | 10.39 | 2023 | +3.32% | -0.4% | View data |
| 6 | 6 Germany | 8.94 | 2023 | -2.31% | -4.48% | View data |
| 7 | 7 Portugal | 5.63 | 2023 | +5.62% | +2.09% | View data |
| 8 | 8 Bulgaria | 4.56 | 2023 | -0.36% | +9.27% | View data |
| 9 | 9 Slovenia | 4.55 | 2023 | +4.95% | +3.92% | View data |
| 10 | 10 Netherlands | 2.89 | 2023 | -0.76% | +0.55% | View data |
