The market for woven fabrics of carded or combed wool and various animal hairs in Romania has shown a consistent decline in volume from 2013 to 2023, reaching 5.6298 million square meters in 2023. This represents a nearly 63% decrease over the decade. The last two years saw further declines of 9.75% in 2022 and 10.59% in 2023. Over the past five years, the market experienced a compound annual growth rate of -9.96%, suggesting a persistent downward trend.
Future trends to watch for include:
- The impact of technological advancements and sustainable practices on market recovery.
- Potential shifts in consumer preferences towards alternative materials.
- Economic influences and trade policies affecting production and demand.