The cotton yarn market in Estonia has exhibited a decreasing trend over the years. In 2023, the market size was valued at 1.5086 million Euros. Over the past decade, the market experienced annual decreases, with the most notable being a 21.17% drop in 2019. From 2019 to 2023, the CAGR was reported at -9.55%, indicating a significant decline in the market's value over five years. The last two years also observed reductions, with -6.4% in 2022 and -7.18% in 2023 year-on-year variations.
Looking ahead, key trends to watch for include potential shifts in demand due to evolving textile manufacturing technologies, the impact of sustainability practices, and changes in global supply chain dynamics that might influence Estonian market recovery or further contraction.
How does Estonia rank in Cotton Yarn Market Size Value?
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 562,860,000 | 2023 | +1.94% | +2.02% | View data |
| 2 | 2 Germany | 112,640,000 | 2023 | -9.28% | -9.56% | View data |
| 3 | 3 Czech Republic | 87,748,000 | 2023 | +0.5% | -0.47% | View data |
| 4 | 4 Poland | 77,702,000 | 2023 | -1.59% | -1.25% | View data |
| 5 | 5 Romania | 26,031,000 | 2023 | -1.69% | -6.26% | View data |
| 7 | 7 Lithuania | 10,185,000 | 2023 | -0.34% | +1.81% | View data |
| 8 | 8 Sweden | 3,459,100 | 2023 | -1% | +0.76% | View data |
| 9 | 9 Estonia | 1,508,600 | 2023 | -7.18% | -9.55% | |
