The market size for made-up fishing nets from twine, cordage, or rope of man-made fibers in Spain showed fluctuations over the past decade. From 2013 to 2023, the market value grew from approximately 60 million Euros to nearly 83 million Euros. The period experienced significant growth in some years, especially between 2013 and 2017, followed by a downturn in 2018 and 2019. A notable recovery occurred in 2021 with a 23.1% increase, further stabilizing in 2022 and 2023 with modest growth.
Key highlights:
- The market size in 2023 was approximately 82.772 million Euros.
- The average annual growth (CAGR) over the last five years stood at 0.95%.
- The period from 2016 to 2017 also marked considerable growth before the downturn of 2018 and 2019.
Looking ahead, future trends in this market may involve a focus on sustainability with an increase in eco-friendly materials and technologies, to keep up with regulatory changes and consumer preferences. Growth could also be driven by advancements in manufacturing processes and potential expansion into new geographic markets.
