In 2023, the sold production of needlefelt carpets and other needlefelt textile floor coverings in Italy stood at 12.75 million Euros. The forecast for 2024 shows a minor decline to 12.617 million Euros. The forecasted annual decrease is 1.08% in 2025, 1.07% in 2026, 1.05% in 2027, and 1.05% in 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is projected to be approximately -1.05%.
Future trends to watch for include:
- Potential shifts in consumer preferences towards sustainable and eco-friendly materials.
- Technological innovations affecting production efficiency and costs.
- Economic and regulatory changes within the EU affecting the textile industry.