The market size volume per capita for woven carpets and other woven textile coverings in Lithuania showed a steady increase from 2013 to 2023, reaching 0.15 square meters per capita. Over the past two years, from 2021 to 2023, the year-on-year growth rate remained stable, with an increase of around 3.57% from 2022 to 2023.
Over the last five years, the compound annual growth rate (CAGR) was approximately 7.29%, indicating a healthy upward trend in consumption per capita. This trend suggests an increasing demand for woven textiles within the Lithuanian market over the analyzed period.
In the future, factors to watch include changing consumer preferences towards sustainable and eco-friendly products, potential economic fluctuations affecting disposable income, and technological advancements in textile production that might influence market dynamics.
