Between 2013 and 2023, the non-coloured cotton fabrics market in Portugal exhibited varying trends. Although the market value was 116.08 million square meters in 2013, it dwindled to 97.355 million square meters by 2023. This reflects a compounded annual growth rate (CAGR) of -2.58% over the last five years. The market witnessed notable fluctuations: a sharp decline between 2014 and 2016, a recovery in 2017 and 2018, and another contraction post-2019, save a rebound in 2020 due to a 16.84% year-on-year uptick, contrasted by subsequent declines through 2023 with stable contractions of -1.5% in the last two years.
Looking ahead, industry stakeholders should monitor sustainable practices, consumer shifts towards organic materials, and the impact of technological innovation on fabric production to potentially stabilize or invigorate the market.
