The synthetic fibers market in Portugal, valued at 279.56 million Euros in 2023, shows a clear trajectory of recovery and growth following a period of decline. From 2013 to 2018, the market experienced consistent decreases, with the most significant drop between 2015 and 2016. However, starting in 2019, positive growth resumed, marked by increasing year-on-year percentages. Over the past five years, the market has seen a compound annual growth rate of 4.18%, highlighting a strong recovery phase.
Key future trends include increasing demand for sustainable and eco-friendly synthetic fibers, advancements in fiber technology, and potential market growth driven by fashion and automotive industries. Monitoring the impact of environmental regulations on production processes will also be essential.
How does Portugal rank in Synthetic Fibers Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,556,200,000 | 2023 | -2.53% | -3% | View data |
| 2 | 2 Italy | 1,541,400,000 | 2023 | -0.13% | +2.54% | View data |
| 3 | 3 Spain | 609,930,000 | 2023 | +0.27% | +4.32% | View data |
| 4 | 4 United Kingdom | 606,290,000 | 2023 | +1.12% | +0.7% | View data |
| 5 | 5 Poland | 593,840,000 | 2023 | +3.35% | +0.75% | View data |
| 6 | 6 France | 517,880,000 | 2023 | -0.36% | +0.00051% | View data |
| 7 | 7 Portugal | 279,560,000 | 2023 | +3.83% | +4.18% | |
| 8 | 8 Denmark | 224,480,000 | 2023 | +0.63% | -0.14% | View data |
| 9 | 9 Lithuania | 136,890,000 | 2023 | +1.41% | +1.43% | View data |
