In 2023, Italy maintained its dominance in European knitwear production with the highest volume of 491.95 million items, despite a decline of 10.56%. Serbia emerged as a significant contributor, displaying a minor growth of 2.09%. Romania showed a remarkable 317.4% increase, indicating rising competitiveness. Croatia and Estonia experienced moderate growth, while countries like Poland, Portugal, Spain, France, and Denmark faced declines, with Denmark seeing a significant drop of 47.69%. The five-year compound annual growth rate highlights fluctuating production levels across countries, driven by varied market dynamics and economic conditions.
Future trends to monitor include Romania's increasing production capacity, Italy’s strategic maneuvers to regain its growth trajectory, and the impact of technological advancements and sustainable practices on hosiery production across Europe. Additionally, geopolitical shifts and trade policies may further influence competitive dynamics in the European textile industry.
Top countries in Sold Production of Panty Hose, Tights, Stockings, Socks and Other Hosiery of Knitted or Crocheted Textile by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 491,950,000 | 2023 | -5.18% | -10.56% | View data |
| 2 | 2 Serbia | 223,790,000 | 2023 | +1.51% | +2.09% | View data |
| 3 | 3 Poland | 74,678,000 | 2023 | -3.61% | -4.07% | View data |
| 4 | 4 Romania | 73,488,000 | 2023 | +4.07% | +317.4% | View data |
| 5 | 5 Croatia | 66,728,000 | 2023 | +2.91% | +3.76% | View data |
| 6 | 6 Portugal | 23,412,000 | 2023 | +19.03% | -12.74% | View data |
| 7 | 7 Spain | 13,893,000 | 2023 | +2.13% | -3.61% | View data |
| 8 | 8 France | 11,132,000 | 2023 | -23.17% | -5.71% | View data |
| 9 | 9 Lithuania | 5,497,200 | 2023 | -3.39% | -5.52% | View data |
| 10 | 10 Bulgaria | 2,636,500 | 2023 | -2.46% | -2.37% | View data |
