The cotton yarn market in the Czech Republic, as of 2023, was valued at 87.748 million euros. Over the last decade, the market has experienced fluctuations, with a peak value in 2014 and significant declines by 2020. The last two years showed slight recovery, with a 0.5% year-on-year increase in 2023. The five-year Compound Annual Growth Rate (CAGR) stands at -0.47%, illustrating a largely stagnant market, driven by various economic pressures.
Future trends to watch for include:
- Potential increases in demand driven by textile industry advancements.
- Changes in global cotton supply and pricing affecting the local market.
- Sustainability initiatives promoting organic and alternative fibers.
How does the Czech Republic rank in Cotton Yarn Market Size Value?
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 562,860,000 | 2023 | +1.94% | +2.02% | View data |
| 2 | 2 Germany | 112,640,000 | 2023 | -9.28% | -9.56% | View data |
| 3 | 3 Czech Republic | 87,748,000 | 2023 | +0.5% | -0.47% | |
| 4 | 4 Poland | 77,702,000 | 2023 | -1.59% | -1.25% | View data |
| 5 | 5 Romania | 26,031,000 | 2023 | -1.69% | -6.26% | View data |
