The market for woven fabrics of synthetic staple fibres in Poland has experienced varied movement from 2013 to 2023. The value in 2023 was 164.67 million Euros. Initially, the market saw growth, peaking in 2014 with a year-on-year increase of 11.07%. However, subsequent years experienced fluctuating declines, with notable drops in 2017 and a significant dip of 16.25% in 2020. The market partially recovered in 2021 with a 20.05% increase. The Compound Annual Growth Rate (CAGR) over the past five years averaged -0.39%, indicating a general decline in recent years.
Looking forward, the forecast from 2024 to 2028 suggests a continuing slight downward trend, with a forecasted CAGR of -0.29%. Specific values are expected to decrease marginally each year, with the market reaching approximately 161.69 million Euros in 2028.
Future trends to watch for include:
- Potential economic factors impacting manufacturing costs and fabric demand.
- Technological advancements in synthetic staple fibres and their impact on product efficiency and appeal.
- Sustainability trends influencing consumer preferences towards alternative materials.
- Global market movements, particularly from major textile manufacturing countries.
