The Narrow Woven Fabrics market in Ireland experienced notable fluctuations between 2013 and 2023. In 2023, the market value stood at 5.3572 million Euros. Year-on-year percentage changes depict varying growth trends, with a noticeable uplift in 2020, where the growth peaked at 7.59%, followed by a decline of -9.18% in 2021. However, 2022 and 2023 saw minor increases of 0.21% year-on-year, signaling stabilization. The compound annual growth rate over the last five years rests at 1.05%, indicating moderate but positive growth.
Future trends to watch include:
- Increasing demand for sustainability and innovation in fabric production.
- Potential impacts of global economic shifts on the textile sector.
- Technological advancements in textile manufacturing.
- Changes in consumer preferences towards eco-friendly products.
How does Ireland rank in Narrow Woven Fabrics Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 340,090,000 | 2023 | +2.45% | +1.52% | View data |
| 2 | 2 Spain | 275,680,000 | 2023 | +4.52% | +3.76% | View data |
| 3 | 3 Poland | 123,990,000 | 2023 | +3.29% | +1% | View data |
| 4 | 4 Portugal | 117,990,000 | 2023 | +3.07% | +4.91% | View data |
| 5 | 5 Czech Republic | 88,757,000 | 2023 | +2.84% | +0.0083% | View data |
| 12 | 12 Lithuania | 11,382,000 | 2023 | +0.59% | +1.47% | View data |
| 13 | 13 Sweden | 8,635,900 | 2023 | -8.45% | -7.47% | View data |
| 14 | 14 Ireland | 5,357,200 | 2023 | +0.21% | +1.05% | |
