Textile Weaving in Lithuania - Market Research Report (2014-2029)

The performance of the Textile Weaving industry is primarily influenced by demand from key manufacturing sectors like clothing, industrial and furnishings. These sectors have been experiencing declining sales because of increased international competition, inflationary pressures and the climate crisis. Manufacturers have shifted their focus towards quality and sustainable products with unique characteristics to compete against imported goods rather than mass-producing cheap fabrics. However, industry revenue is expected to drop at a compound annual rate of 4.5% over the five years through 2024 to €31 billion, including an estimated 0.8% fall in the current year.