In 2023, Europe's market for woven fabrics of synthetic staple fibers containing up to 85% of such fibers mixed primarily with cotton saw Spain leading with a significant share, despite a slight decrease of 0.44%. Germany and Belgium experienced substantial declines, 13.71% and 5.24% respectively. Italy faced the steepest drop at 23.36%. Conversely, Lithuania grew by 8.12%, showing resilience. Portugal showed a moderate decrease of 5.22%. Over the past five years, the compound annual growth reveals a trend of challenges, especially for larger economies.
Looking ahead, watch for potential growth in emerging markets like Lithuania and stabilization efforts in key countries such as Germany and Italy. The impact of technological advancements and sustainability trends will likely shape production strategies across Europe in the coming years. Additionally, global economic conditions and trade policies may further influence market dynamics.
Top countries in Sold Production of Woven Fabrics of Synthetic Staple Fibres Containing at Most 85% by Weight of Such Fibres Mixed Mainly or Solely with Cotton Share by Country (Euros)
| # | 7 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 65.14 | 2023 | -5.59% | -0.44% | View data |
| 2 | 2 Germany | 20.31 | 2023 | -0.68% | -13.71% | View data |
| 3 | 3 Belgium | 10.31 | 2023 | -2.74% | -5.24% | View data |
| 4 | 4 Italy | 4.56 | 2023 | -69.87% | -23.36% | View data |
| 5 | 5 Portugal | 2.46 | 2023 | -15.33% | -5.22% | View data |
| 6 | 6 Lithuania | 1.08 | 2023 | +5.6% | +8.12% | View data |
| 7 | 7 Czechia | 0.3 | 2023 |
