In 2023, Italy was the dominant player in European production of knitted or crocheted fabrics, with an extraordinary year-on-year growth of 99.79%, leading the market by a substantial margin. Portugal and Spain also showed notable activity, although Portugal experienced a slight decline of 4.71% while Spain grew by 10.88%. Germany and Sweden saw moderate declines of 7.62% and 3.75% respectively. Romania and Bulgaria showed significant growth, with year-on-year increases of 28.76% and 26.72%. Estonia's production dropped completely to 0%, indicating a potential market exit. Over the past five years, variations in CAGR have stabilized most European countries, with countries like Italy showing strong, consistent growth.
Future Trends to Watch:
The industry must watch for Italy's potential continued dominance given its current trajectory. Spain, with its recent growth, could also emerge as a more significant player. Countries like Romania and Bulgaria, showing substantial year-on-year increase, may indicate future hotspots for production shifts. Conversely, declining trends in Portugal, Germany, and Sweden warrant closer scrutiny, possibly indicating a need for strategic re-evaluation in these regions. The overall European market appears to be consolidating around a few key players, suggesting potential for mergers or increased competitive pressures.
Top countries in Production of Knitted or Crocheted Fabrics by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,767,800,000 | 2023 | -65.67% | +99.79% | View data |
| 2 | 2 Portugal | 65,172,000 | 2023 | +0.15% | -4.71% | View data |
| 3 | 3 Spain | 61,329,000 | 2023 | +3.69% | +10.88% | View data |
| 4 | 4 Sweden | 31,439,000 | 2023 | +0.091% | -3.75% | View data |
| 5 | 5 Germany | 31,119,000 | 2023 | +0.026% | -7.62% | View data |
| 6 | 6 Czech Republic | 10,274,000 | 2023 | +0.076% | +0.75% | View data |
| 7 | 7 Poland | 9,148,300 | 2023 | +2.78% | -6.04% | View data |
| 8 | 8 France | 8,255,500 | 2023 | +0.22% | -2.43% | View data |
| 9 | 9 Bulgaria | 7,480,100 | 2023 | +14.91% | +26.72% | View data |
| 10 | 10 Greece | 7,090,900 | 2023 | -0.062% | -2.69% | View data |
