In 2023, Italy dominated the European production of knitted and crocheted hosiery, holding nearly half of the market share, despite a decline of over 10% from the previous year. Serbia, ranking second, experienced a modest increase, while Romania's share surged, showcasing remarkable growth. Poland, Croatia, and Spain saw declining trends, with Portugal facing the most significant contraction. Conversely, Estonia displayed notable positive growth despite holding a minor share, highlighting regional variability. The overall trend indicates a shift in production dynamics with some Eastern European countries gaining a foothold, suggesting evolving competitive landscapes in the hosiery sector.
Future dynamics in the European hosiery market could be influenced by increasing automation, sustainability efforts, and economic fluctuations. Watch for Eastern Europe's potential growth as production hubs, potentially driven by lower production costs and favorable economic conditions. Additionally, the shift towards sustainable materials and practices might redefine market leaders, creating opportunities for countries investing in eco-friendly solutions and innovative manufacturing techniques.
Top countries in Sold Production of Knitted and Crocheted Hosiery Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 49.47 | 2023 | -5.18% | -10.56% | View data |
| 2 | 2 Serbia | 22.5 | 2023 | +1.51% | +2.09% | View data |
| 3 | 3 Poland | 7.51 | 2023 | -3.61% | -4.07% | View data |
| 4 | 4 Romania | 7.39 | 2023 | +4.07% | +317.4% | View data |
| 5 | 5 Croatia | 6.71 | 2023 | +2.91% | +3.76% | View data |
| 6 | 6 Portugal | 2.35 | 2023 | +19.03% | -12.74% | View data |
| 7 | 7 Spain | 1.4 | 2023 | +2.13% | -3.61% | View data |
| 8 | 8 France | 1.12 | 2023 | -23.17% | -5.71% | View data |
| 9 | 9 Lithuania | 0.55 | 2023 | -3.39% | -5.52% | View data |
| 10 | 10 Bulgaria | 0.27 | 2023 | -2.46% | -2.37% | View data |
