In 2023, Italy led the European sold production of knitted and crocheted hosiery at €794.53 million despite a slight decline of 1.8%. Germany followed, showcasing minor growth at 0.35%. France and Serbia saw increases of 1.8% and 0.94%, respectively. Croatia recorded a notable rise of 3.08%, whereas Portugal showed a slight decrease of 0.31%. Poland experienced a small decline of 0.49%, with Spain showing a more significant drop of 3.37%. Noteworthy increases were observed in Bosnia and Herzegovina (7.07%) and Finland (4.46%). Greece and Estonia faced considerable reductions of 7.41% and 5.2%, respectively, while Hungary experienced the steepest decline of 25.73%.
Future trends to watch include potential recovery across countries facing declines, driven by innovations in sustainable materials and shifting consumer preferences towards eco-friendly products. Continued growth in Eastern Europe could signal a larger regional manufacturing shift, potentially influencing competitive dynamics across the sector. Additionally, economic conditions and trade policies will play crucial roles in shaping production trajectories.
Top countries in Sold Production of Knitted and Crocheted Hosiery by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 794,530,000 | 2023 | +2.23% | -1.8% | View data |
| 2 | 2 Germany | 542,870,000 | 2023 | -0.94% | +0.35% | View data |
| 3 | 3 France | 390,970,000 | 2023 | +4.63% | +1.8% | View data |
| 4 | 4 Serbia | 204,820,000 | 2023 | +2.48% | +0.94% | View data |
| 5 | 5 Croatia | 177,910,000 | 2023 | +3.25% | +3.08% | View data |
| 6 | 6 Portugal | 152,080,000 | 2023 | +4.86% | -0.31% | View data |
| 7 | 7 Poland | 136,080,000 | 2023 | -0.58% | -0.49% | View data |
| 8 | 8 Spain | 66,693,000 | 2023 | -1.35% | -3.37% | View data |
| 9 | 9 Bulgaria | 33,998,000 | 2023 | +1.68% | +1.54% | View data |
| 10 | 10 Slovakia | 26,393,000 | 2023 | +1.25% | -0.92% | View data |
