The German market for knitted or crocheted hosiery and footwear reached a value of 1,256.3 million Euros in 2023. Over the past decade, the market experienced fluctuations with notable dips in 2017 and 2020. Nevertheless, the market managed a positive trend, showcasing a year-on-year growth rate of 1.95% in 2023. The compound annual growth rate (CAGR) over the past five years stood at 1.66%, reflecting a relatively stable growth pattern amid the disruptions.
Future trends to watch for:
- Increasing demand for sustainable and eco-friendly materials.
- Technological advancements in smart footwear.
- Shift towards e-commerce platforms and digital retail solutions.
- Potential impacts of economic fluctuations or policy changes on consumer spending.
How does Germany rank in Knitted or Crocheted Hosiery and Footwear Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,256,300,000 | 2023 | +1.95% | +1.66% | |
| 2 | 2 France | 879,810,000 | 2023 | +1.17% | +1.41% | View data |
| 3 | 3 United Kingdom | 589,890,000 | 2023 | +0.67% | +0.77% | View data |
| 4 | 4 Spain | 304,870,000 | 2023 | +0.88% | +1.23% | View data |
| 5 | 5 Austria | 179,220,000 | 2023 | +4.11% | +4.77% | View data |
