The underwear turnover in Spain has experienced significant fluctuations from 2013 to 2023. In 2023, the turnover stood at 151.9 million euros. The period saw an initial decline, followed by brief recoveries, and then a steep drop from 2018 onwards. The compound annual growth rate (CAGR) from 2019 to 2023 was -12.01%, indicating a substantial contraction.
From 2024 onwards, the forecast suggests a continual decline, with the underwear market expected to decrease at a 5-year CAGR of -12.83%. By 2028, the turnover is anticipated to reach 67.9 million euros, reflecting a nearly 50% reduction from 2023 levels.
Future trends to watch include shifts in consumer preferences towards sustainability and the potential impacts of economic recovery post-pandemic. Additionally, innovations in digital retail could alter market dynamics significantly.
