In 2023, Italy dominated the European sold production of synthetic staple fibres, accounting for over 71% of the market share. It significantly outperformed other countries, with Germany and Spain holding just over 8% each. Portugal followed with nearly 5%, while France dropped noticeably to about 1.3% due to a steep 16.95% decrease year-over-year. Smaller markets like Czechia, Hungary, and Lithuania maintained relatively small shares. Over the past year, Italy's share grew by 9.41%, showing a strong upward trend, whereas countries like France experienced substantial declines.
Future trends to watch include potential increases in market share for countries like Spain and Germany due to ongoing technological advancements and investments. Monitoring the sustainability and environmental impact of production in Italy will be crucial, alongside evaluating the implications of economic policies affecting the European textile sector.
Top countries in Sold Production of Synthetic Staple Fibres Share by Country (Euros)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 71.02 | 2023 | +2.38% | +9.41% | View data |
| 2 | 2 Germany | 8.17 | 2023 | +9.21% | +2.24% | View data |
| 3 | 3 Spain | 8.04 | 2023 | +5.11% | +7.24% | View data |
| 4 | 4 Portugal | 4.98 | 2023 | +9.51% | +0.21% | View data |
| 5 | 5 France | 1.27 | 2023 | -8.38% | -16.95% | View data |
| 6 | 6 Czechia | 0.32 | 2023 | |||
| 7 | 7 Hungary | 0.13 | 2023 | -1.92% | -2.59% | View data |
| 8 | 8 United Kingdom | 0.12 | 2023 | -0.96% | -1.07% | View data |
| 9 | 9 Lithuania | 0.064 | 2023 | +2.29% | +3.57% | View data |
