The Bulgarian textile weaving market exhibited a fluctuating trend from 2013 to 2023, with its value reaching 496.93 million Euros in 2023. Notable declines were seen in 2016, 2017, and especially 2020, due to a significant 16.88% drop. However, recovery followed in 2021 with a robust 20.65% increase. The most recent years, 2022 and 2023, showed stability with minimal year-on-year growth, indicating a consolidation phase with a minor average yearly increase (CAGR) of 0.32% over the past five years.
Future trends to watch for:
- The potential impact of technological innovations and digitalization on production efficiency.
- Shifts in global supply chains and their effect on local market dynamics.
- Increasing emphasis on sustainability and eco-friendly practices in textile production.
- Possible economic shifts within the European Union affecting trade and market access.
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 3,717,900,000 | 2023 | -1.53% | -2.78% | View data |
| 2 | 2 Poland | 1,403,700,000 | 2023 | +4.27% | +1.03% | View data |
| 3 | 3 Romania | 1,359,300,000 | 2023 | -0.37% | -2.52% | View data |
| 4 | 4 Portugal | 848,030,000 | 2023 | +0.74% | +0.027% | View data |
| 5 | 5 France | 821,060,000 | 2023 | -0.11% | -2.12% | View data |
| 6 | 6 Spain | 819,820,000 | 2023 | +1.51% | -2.34% | View data |
| 7 | 7 Bulgaria | 496,930,000 | 2023 | +0.13% | +0.32% | |
| 8 | 8 Lithuania | 174,340,000 | 2023 | +0.3% | -2.23% | View data |
| 9 | 9 Estonia | 110,350,000 | 2023 | +2.68% | -0.56% | View data |
