In 2023, Italy held the lead in European textile fiber preparation and spinning turnover with 3.2 billion Euros, despite experiencing a 2.61% year-on-year decrease. France and Spain followed, with respective turnovers of 0.7909 and 0.7246 billion Euros, displaying mixed trends: France showed stability with a modest increase of 0.25%, while Spain declined by 1.32%. Notable growth was observed in Lithuania and Croatia, experiencing increases of 3.66% and 2.96% respectively. Contrarily, significant downturns were observed in Germany and Switzerland, with reductions of 8.74% and 9.67%.
Future Trends:
- Focus on sustainable practices could reshape production technologies, influencing turnovers.
- Eastern European countries like Romania and Bulgaria, showing positive growth, may become increasingly competitive.
- Market volatility due to global economic shifts could affect demand and production cycles, particularly in economies with larger declines.
Top countries in Preparation and Spinning of Textile Fibres Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 3,200 | 2023 | +2.54% | -2.61% | View data |
| 2 | 2 France | 790.9 | 2023 | +3.89% | +0.25% | View data |
| 3 | 3 Spain | 724.6 | 2023 | +1.23% | -1.32% | View data |
| 4 | 4 Romania | 445.7 | 2023 | +7.29% | +1.47% | View data |
| 5 | 5 Germany | 358.2 | 2023 | -5.51% | -8.74% | View data |
| 6 | 6 Bulgaria | 322.5 | 2023 | +7.9% | +1.26% | View data |
| 7 | 7 Belgium | 318.2 | 2023 | +6.49% | +1.07% | View data |
| 8 | 8 United Kingdom | 240.5 | 2023 | -4.37% | -1.16% | View data |
| 9 | 9 Poland | 226.1 | 2023 | +5.36% | -0.34% | View data |
| 10 | 10 Portugal | 203.7 | 2023 | +1.39% | -1.59% | View data |
