In 2023, the turnover for textile finishing in Italy stood at 1.76 Billion Euros. The forecasted data from 2024 to 2028 shows a consistent year-on-year decline in turnover: 1.66 Billion Euros in 2024, 1.57 Billion Euros in 2025, 1.48 Billion Euros in 2026, 1.40 Billion Euros in 2027, and 1.31 Billion Euros in 2028. This represents a steady decrease in market value.
The year-on-year percentage variations are as follows:
- 2024: -5.68%
- 2025: -5.42%
- 2026: -5.73%
- 2027: -5.41%
- 2028: -6.43%
The CAGR (Compound Annual Growth Rate) over the forecasted period from 2024 to 2028 is -5.74% per year, indicating an average annual decrease in market turnover.
Future trends to watch for include the impact of technological advancements in textile finishing processes, sustainability and circular economy trends, and shifting consumer preferences towards eco-friendly products. Monitoring these factors will be crucial for anticipating market dynamics and potential recovery opportunities.
