The European market for sold production of apparel articles, clothing accessories, and other articles of furskin reveals substantial dominance by Italy, holding an overwhelming share. In 2023, the production value data indicates Italy leading with approximately 87.1%, followed by Greece at 12.51%, while other countries have significantly lesser shares. Year-on-year analysis shows a marked growth in the United Kingdom (+20.35%) and Estonia (+19.67%), whereas Greece and Finland experienced notable declines by -2.43% and -26.38%, respectively. Over a longer horizon, Italy and Hungary maintained relatively stable production, while Spain and Romania saw some declines around -11.59% and -11.57%.
Future trends to watch include:
- The potential for the UK, following its recent production surge, to continue expanding its market share.
- Whether Italy can maintain its dominant position given its established market presence.
- The ongoing impact of sustainable fashion, which might pressure countries like Finland and Spain to innovate and recover their lost shares.
- The importance of monitoring Greece's strategy to potentially reverse its negative growth trend.
Top countries in Sold Production of Apparel Articles, Clothing Accessories and Other Articles of Furskin Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 87.1 | 2023 | +0.92% | +0.69% | View data |
| 2 | 2 Greece | 12.51 | 2023 | +15.6% | -2.43% | View data |
| 3 | 3 Denmark | 0.55 | 2023 | +14.4% | -3.2% | View data |
| 4 | 4 Spain | 0.32 | 2023 | -8.16% | -11.59% | View data |
| 5 | 5 Portugal | 0.29 | 2023 | +5.87% | -0.6% | View data |
| 6 | 6 United Kingdom | 0.27 | 2023 | +2.27% | +20.35% | View data |
| 7 | 7 Romania | 0.15 | 2023 | -11.33% | -11.57% | View data |
| 8 | 8 Hungary | 0.14 | 2023 | +5.98% | View data | |
| 9 | 9 Finland | 0.036 | 2023 | -59.56% | -26.38% | View data |
| 10 | 10 Estonia | 0.007 | 2023 | +46.08% | +19.67% | View data |
