The market for blankets and travelling rugs made of synthetic fibers in Estonia has experienced a declining trend from 2015 onwards, with a gradual decrease in market size from 8.1768 million in 2015 to 4.3641 million in 2023. The most significant drops were noticed between 2017 and 2020. The year-on-year variation shows a consistent decline, especially in recent years, with minimal recovery signs. The compound annual growth rate (CAGR) of -6.3% over the past five years underscores the shrinking market trend.
Future trends to watch include:
- Potential growth opportunities through eco-friendly synthetic fibers.
- Innovation in lightweight, travel-friendly designs.
- Increased focus on sustainability that may affect synthetic fiber market share.
- Economic factors and consumer spending behavior post-2023.
