The market for Panty Hose, Tights, Stockings, Socks, and Other Hosiery of Knitted or Crocheted Textiles in Austria showed a declining trend in per capita volume from 2013 to 2023, with a decrease from 3.25 s in 2013 to 2.19 s in 2023. This equates to an overall drop of about 32.6% over this ten-year period. Specifically, the most recent two years exhibit a decline of nearly 1.8% in 2022 and 1.8% in 2023. The compound annual growth rate (CAGR) for the last five years illustrates an average annual decrease of approximately 0.8%.
Future trends to monitor include the potential impact of sustainability trends on consumer buying behavior, technological advancements in textile production, and evolving fashion trends that might affect the demand for different types of hosiery. Additionally, economic factors and changes in consumer spending patterns could significantly influence the market dynamics in the forthcoming years.
