The market for knitted or crocheted pile fabrics in Lithuania has demonstrated moderate growth over the past decade, with the market value reaching $14.153 million in 2023. Year-on-year growth rates have fluctuated, peaking at 30.03% in 2013 and showing a steady increase in recent years with a 4.05% rise in 2023. Despite a dip in 2018, the compound annual growth rate (CAGR) over the last five years remained robust at 4.21%, indicative of recovery and positive momentum.
Future trends to watch for in this market include:
- Innovation in fabric technologies and sustainable materials.
- Shifts in consumer preferences towards eco-friendly options.
- Global economic impacts on raw material pricing.
| # | 19 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 1,021,400,000 | 2023 | +4.22% | +3.63% | View data |
| 2 | 2 Colombia | 266,760,000 | 2023 | +4.01% | +4% | View data |
| 3 | 3 Spain | 144,580,000 | 2023 | +1.22% | -1.03% | View data |
| 4 | 4 Germany | 117,890,000 | 2023 | -6.44% | -5.29% | View data |
| 5 | 5 United Kingdom | 117,420,000 | 2023 | -1.49% | +0.34% | View data |
| 14 | 14 Greece | 28,097,000 | 2023 | +1.58% | +1.59% | View data |
| 15 | 15 Hungary | 23,960,000 | 2023 | +0.51% | +0.13% | View data |
| 16 | 16 Lithuania | 14,153,000 | 2023 | +4.05% | +4.21% | |
| 17 | 17 Bosnia and Herzegovina | 10,446,000 | 2023 | +1.45% | -0.93% | View data |
| 18 | 18 Switzerland | 10,243,000 | 2023 | -0.038% | +0.11% | View data |
