The production value of underwear in Sweden experienced variable growth from 2013 to 2023. There was a steady increase in the production value from 91.4 Million Euros in 2013 to 139.5 Million Euros in 2019. In 2020, the industry saw a sharp decline of 34.77% in the production value, likely due to the global impact of the COVID-19 pandemic, bringing the value down to 91.0 Million Euros. However, the market rebounded quickly with significant upticks in 2021 and 2022, showing year-on-year growths of 29.34% and 17.84%, respectively, reaching 138.7 Million Euros by 2022 and further to 155.5 Million Euros in 2023, indicating a strong recovery.
For the forecast period from 2024 to 2028, the production value is expected to continue growing but at a more moderate pace, with a 5-year CAGR of 2.71%, achieving a production value of 184.8 Million Euros by 2028.
Future trends to watch for include:
- The potential impact of sustainable materials on production costs and consumer preferences.
- Technological advancements that could streamline production and reduce expenses.
- Shifts in consumer behavior due to economic conditions or evolving fashion trends.
- Global market dynamics and their influence on supply chain stability.
