The Narrow Woven Fabrics market in Hungary saw fluctuating trends from 2013 through 2023. By 2023, the market size reached 34.001 million euros, reflecting a steady decrease since 2016. The year-on-year decline in 2022 and 2023 was a modest 0.6%, while the five-year CAGR from 2018 to 2023 was negative at -2.43%, indicating a cumulative annual decline during this period.
Future trends to watch for include:
- Potential stabilization of market values in response to innovations in production techniques and expanded applications.
- The impact of global supply chain dynamics on local production capabilities and costs.
- Increasing demand for sustainable and environmentally friendly fabrics, possibly driving market recovery.
How does Hungary rank in Narrow Woven Fabrics Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 340,090,000 | 2023 | +2.45% | +1.52% | View data |
| 2 | 2 Spain | 275,680,000 | 2023 | +4.52% | +3.76% | View data |
| 3 | 3 Poland | 123,990,000 | 2023 | +3.29% | +1% | View data |
| 4 | 4 Portugal | 117,990,000 | 2023 | +3.07% | +4.91% | View data |
| 5 | 5 Czech Republic | 88,757,000 | 2023 | +2.84% | +0.0083% | View data |
| 6 | 6 Romania | 67,012,000 | 2023 | -11.06% | -10.08% | View data |
| 7 | 7 Hungary | 34,001,000 | 2023 | -0.6% | -2.43% | |
| 8 | 8 Bulgaria | 23,294,000 | 2023 | -24% | -13.36% | View data |
| 9 | 9 Greece | 15,761,000 | 2023 | +3.89% | +2.16% | View data |
