The Danish underwear market experienced significant fluctuations over the past decade. From a high of €262.69 million in 2012, the market saw declines nearly every year, hitting a low of €219.49 million in 2018. A notable uptick occurred in 2019 with a 20.13% increase, bringing the market back to €263.67 million. Recent years have been somewhat stable with minor fluctuations, finishing strong at €260.01 million in 2022. The market saw varying year-on-year changes with an overall decline from 2012 to 2018, compensated by a strong rebound from 2019 onwards.
Key trends:
- Significant decline between 2012 to 2018, with a -7.18% drop in 2017.
- Strong rebound in 2019 with a 20.13% increase.
- Stability and mild fluctuations from 2020 to 2022.
Future trends to watch for:
Anticipate further stabilization of the market with modest, steady growth in coming years. Key factors to monitor include shifts in consumer preferences, sustainability trends, and innovations in material technology. The ongoing impact of global economic conditions will also play a crucial role in shaping market dynamics.
How does Denmark rank in Underwear Market Size Value?
| # | 18 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 6,208,700,000 | 2023 | -0.042% | +0.79% | View data |
| 2 | 2 France | 5,600,400,000 | 2023 | +5.54% | +1.8% | View data |
| 3 | 3 Germany | 5,596,300,000 | 2023 | +1.71% | -1.11% | View data |
| 4 | 4 Spain | 3,301,500,000 | 2023 | -0.71% | -0.33% | View data |
| 5 | 5 Italy | 2,007,000,000 | 2023 | -3.1% | -3.2% | View data |
| 15 | 15 Czech Republic | 375,760,000 | 2023 | +2.85% | +2.71% | View data |
| 16 | 16 Croatia | 303,350,000 | 2023 | +4.3% | +3.21% | View data |
| 17 | 17 Denmark | 275,870,000 | 2023 | +2.91% | +4.68% | |
| 18 | 18 Estonia | 62,288,000 | 2023 | +0.88% | +1.26% | View data |
