29 Apr 24 2 min read
Insights
- Geopolitical unrest, high inflation and economic challenges have sharply reduced the purchasing power of European consumers, leading to a decline in home textile imports.
- After a pandemic-induced surge in demand, imports decreased from a peak of $61.101 billion in 2020 to $28.885 billion in 2023.
- The Russia-Ukraine conflict exacerbated the situation.
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