The Nylon High-Tenacity Filament Yarn market in Portugal reached a volume of 10.382 million kilograms in 2023. Over the past decade, the market experienced fluctuations, with a notable recovery post-2020, marking minor growth in recent years. From 2019 to 2023, the Compound Annual Growth Rate (CAGR) exhibited a small decline of -0.64%, despite the market bouncing back with a positive trend in 2021. The market dynamics suggest a stabilization phase with near-zero year-on-year growth in 2022 and 2023.
Future trends to watch for:
- Technological advancements in yarn production enhancing performance and efficiency.
- A shift towards sustainable and eco-friendly materials impacting demand and growth.
- Potential increase in export markets as global demand evolves.
- Impact of global economic conditions and domestic manufacturing policies on market performance.
