The gross production of Tow and Flax Fibre in Italy is projected to consistently increase from 2024 to 2028, with forecasted values rising modestly from $3.63 million in 2024 to $3.83 million in 2028. This represents a steady year-on-year growth rate of around 1.38%. The Compound Annual Growth Rate (CAGR) over this five-year period is expected to be approximately 1.37%. Given that 2023 is the base year with known data, this forecast suggests a stable yet modest uptrend in the valuation of flax fibers within the Italian market.
Future trends to watch for:
- Innovations in sustainable textile production which could drive demand for eco-friendly fibers like flax.
- Shifts in the global supply chain due to geopolitical developments affecting raw material prices and availability.
- Government policies promoting natural fiber usage in various industries could further boost market growth.
- Potential impacts of climate change on domestic agricultural productivity influencing flax supply.
