The market size volume for garments made up of felt or non-wovens, textile fabrics impregnated or coated in Denmark stood at 1,033.7 thousand in 2023. Over the past decade, the market exhibited buoyant growth initially, with fluctuations around the mid-decade and a sharp decline in 2020 attributed to global disruptions. However, recovery followed, showing a promising upward trajectory with a year-on-year increase of 2.4% in 2023 and a five-year CAGR of 2.06%.
Future trends to watch for include:
- Increased adoption of sustainable and eco-friendly materials.
- Technological advancements in production techniques.
- Evolving consumer preferences towards lightweight and multifunctional textiles.
- The potential impact of trade policies and economic conditions on export-import dynamics.