As of 2023, the import value of textured nylon yarn, measuring per single yarn more than 50 tex to Germany stood at approximately USD 70.5 million. The forecast data indicate a gradual decline in the import value from 2024 to 2028, starting from USD 69.669 million in 2024 to USD 66.471 million by 2028. This reflects a consistent year-on-year reduction, suggesting a decrease in demand or increased competition from alternative materials or suppliers.
Year-on-year analysis shows a slight drop each year:
- 2024-2025: -1.18%
- 2025-2026: -1.17%
- 2026-2027: -1.16%
- 2027-2028: -1.15%
The compound annual growth rate (CAGR) over the five-year forecast period is projected to be around -1.19%, indicating a steady annual decline in the market.
Future trends to watch include:
- Potential shifts in industry demand towards sustainable or alternative materials such as recycled fibers.
- Technological advancements in yarn production, which could impact import needs or sourcing strategies.
- Economic fluctuations within the EU affecting buying power and cost of imports.
