In 2023, the turnover for knitted and crocheted apparel in Spain stood at a specific value that provides a benchmark for future analysis. Moving forward, the forecast for 2024 indicates a turnover of €391.9 million, which is expected to decrease in the subsequent years: €373.7 million in 2025, €356.5 million in 2026, €340.3 million in 2027, and €325.0 million in 2028. The year-on-year variation shows a consistent decline with a CAGR (Compound Annual Growth Rate) reflecting an average annual decrease over the 5-year period.
Key future trends to watch for include the impact of technological advancements in fabric production, shifts in consumer preferences towards sustainable fashion, and the influence of economic conditions on spending power. Additionally, trends in global trade policies and their effects on imports and exports of knitted and crocheted apparel could further influence market dynamics.
