In 2023, the knitted and crocheted apparel sector in Italy consisted of approximately 2,000 enterprises. The forecast indicates a steady decline over the coming years, with the number of enterprises expected to reach 1.12 thousand by 2028. This trend equates to a Compound Annual Growth Rate (CAGR) of approximately -9.12% from 2024 to 2028. Year-on-year declines are consistent, with each year seeing a decrease of around 0.18 to 0.17 thousand enterprises.
Future trends to watch for include:
- Potential industry consolidation as smaller enterprises might struggle to compete.
- Increased digitalization and automation to counteract rising production costs and bolster efficiency.
- The potential emergence of sustainable practices as a means to differentiate and maintain competitiveness in the market.
