article Polish textile industry statistics for 2015 showed that it produced approximately 2.8 million units of textiles in 2015.
It has a market capitalization of approximately $8 billion and a profit margin of 25 percent.
In 2015, Poland had a textile industry turnover of $3.3 billion and the turnover of its textile industry totaled nearly $5.7 billion.
Poland’s textile industry was not the only one that benefitted from the crisis in the textile market.
In 2016, Russia’s textile exports increased by nearly 40 percent.
It also saw a sharp increase in textile exports.
According to a study by the Institute of Economic Research, textile exports accounted for more than one third of Russia’s total textile exports in 2016.
In 2017, the International Monetary Fund forecast that Russia’s domestic textile industry will be able to absorb $3 billion in 2017 and 2018.
In 2020, Russia expects to produce $1.6 billion worth of textile products.
Source: Wikimedia Commons