In 2023, Romania dominated the European market for synthetic staple fibers yarn production, with the highest share of 45.19%. Italy, the United Kingdom, and Spain followed with notable shares of 19.15%, 12.62%, and 9.13% respectively. Only Germany and Poland experienced significant declines in their shares, reflecting broader sectoral changes.
Year-on-year variations illustrate a dynamic market landscape: Romania and the United Kingdom recorded slight increases of 0.42% and 0.48% respectively, while Italy experienced a sharp decline of 8.17%. Notably, Portugal and Belgium saw significant growth at 7.17% and 7.8% respectively, suggesting a potential pivot towards these markets in future strategies. Over the past five years, the calculated CAGR reflects these trends, indicating an average annual shift toward Eastern and Southern European markets.
Future trends to monitor include the strategic positioning of Eastern Europe as a key production hub, with Romania and Portugal likely leading. Additionally, sustainable production practices and innovations will shape competitive dynamics, potentially boosting regional shares further. The role of technological advancements in manufacturing processes will also be critical in defining European market leaders.
Top countries in Sold Production of Synthetic Staple Fibres Yarn Containing at Most 85% by Weight of Such Fibres Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 45.19 | 2023 | +1.22% | +0.42% | View data |
| 2 | 2 Italy | 19.15 | 2023 | -5.28% | -8.17% | View data |
| 3 | 3 United Kingdom | 12.62 | 2023 | -0.55% | +0.48% | View data |
| 4 | 4 Spain | 9.13 | 2023 | +0.06% | +0.47% | View data |
| 5 | 5 Portugal | 7.82 | 2023 | +17.62% | +7.17% | View data |
| 6 | 6 Bulgaria | 5.02 | 2023 | -8.15% | -4.75% | View data |
| 7 | 7 Germany | 1.61 | 2021 | +31.51% | View data | |
| 8 | 8 Lithuania | 0.97 | 2023 | +3.37% | +2.91% | View data |
| 9 | 9 Belgium | 0.59 | 2023 | +16.76% | +7.8% | View data |
| 10 | 10 Poland | 0.26 | 2023 | -0.56% | -8.85% | View data |
