The sold production of textile wicks, conveyor belts, or belting in France exhibited fluctuating trends from 2013 to 2023. It experienced a substantial rise in 2015 and 2016, with significant year-on-year growth rates of 22.07% and 43.86%, respectively. However, the market saw declines in certain years, such as 2014, 2017, and 2019, with year-on-year decreases of 1.89%, 24.35%, and 21.3%, respectively. By 2023, the production value reached 3.0779 million kilograms, marking a year-on-year growth of 9.21%.
From 2020 to 2023, there was a steady recovery, and production increased by 24.28% in 2021 and 15.98% in 2022. The compound annual growth rate (CAGR) over the last five years leading to 2023 averaged at 0.78%. Projections for the next five years (2024-2028) indicate a growing trend with a forecasted 5-year CAGR of 3.67% and an overall growth rate of 19.75% over this period. The production volume is expected to rise steadily, reaching 3.882 million kilograms by 2028.
Future trends to watch for include advancements in textile manufacturing technologies, increasing demand for durable industrial materials, and shifting market dynamics due to environmental regulations and sustainable practices. Emphasis on green and recyclable materials in production could potentially drive further growth in this sector.
