The Italian market for panty hose, tights, stockings, socks, and other hosiery of knitted or crocheted textiles experienced a significant decline in size from 2013 to 2023, moving from 735.51 million to 288.61 million. By 2023, the market was struggling at its lowest point amid a steady downward trajectory. The year-on-year variations show a majority of negative growth years, particularly harsh between 2016 and 2017, though slight recoveries took place in 2018 and 2019. Over the five years leading to 2023, the Compound Annual Growth Rate (CAGR) stood at -6.47%, indicating a consistent average decline.
Future trends to watch for include:
- - Shifts in consumer preferences towards more sustainable and durable materials, influencing product demand.
- - Potential market recovery driven by innovation and increased demand for specialized hosiery, such as athleisure or medical-grade options.
- - The potential impact of e-commerce growth on market accessibility and consumer buying patterns in Italy.
