The Croatian market for woven cotton fabrics of yarns of different colours has experienced a consistent decline in value from 2013 to 2023, with a gradual reduction from 6.09 million euros to 3.63 million euros in 2023. The biggest drop was marked in 2018 and 2020, with a slight rebound in 2021. However, the figures continued a downward trend thereafter. The compound annual growth rate over the last five years stands at -2.73%, indicating a significant contraction in the market.
Future trends to watch for:
- Potential recovery influenced by global economic conditions and consumer preferences for sustainable textiles.
- Technological advancements in textile manufacturing could introduce efficiencies and new product offerings.
- Changes in trade policies and agreements impacting imports and exports.
