The knitted and crocheted hosiery market in Spain has shown a declining trend from 2012 to 2022, with values decreasing from 2012's peak to a lower point in 2022. The most significant drops were noticed in 2013 and 2020, while a brief period of recovery occurred in 2021 with a notable increase in market size. Over the last five years, the market decreased by an average annual rate as indicated by the negative CAGR, reflecting a consistent downturn.
Future trends to watch for:
- Potential recovery post-2023 with economic stabilization.
- Shifts towards sustainable and eco-friendly materials boosting demand.
- Increasing competition from international brands and digital retailing impact.
