From 2013 to 2023, the market for carded or combed cotton in Spain experienced fluctuations, with an overall downward trend in volume. The market reached 34.238 million kilograms in 2023, marking continuous decline since a peak in 2017.
Key observations:
- The market grew significantly in 2015 and 2017 but faced consistent yearly declines from 2018 onwards.
- The most substantial decrease was in 2019, with a marked drop of 22.39%.
- The five-year compound annual growth rate (CAGR) illustrates an average annual decline of 7.36%.
Future trends to watch include potential impacts of sustainable practices and innovations in textile ecology. The adoption of eco-friendly materials and production processes could influence demand and market dynamics significantly.
