The market size for woven fabrics and yarns in Croatia expressed in terms of value (Thousand Euros) has experienced notable growth from 2013 to 2023, reaching 2108.8 in 2023. The market saw a significant upward trajectory up until 2019, a dip in 2020, followed by recovery with increasing yearly values. The Compound Annual Growth Rate (CAGR) over the last five years stood at 5.53%, reflecting moderate growth. Year-on-year variations for the last two years were 4.05% in 2022 and 3.82% in 2023, indicating steady growth post-pandemic.
Future trends to watch for include:
- Emerging sustainability preferences driving demand for eco-friendly woven products.
- Technological advancements in textile production enhancing product offerings.
- Continued impact of global economic conditions and trade policies on the market.