In 2023, the knitted and crocheted hosiery market size in Austria stood at 19.826 million, reflecting a declining trend in recent years. The market experienced variations with notable fluctuations: 2021 saw a significant recovery with an 18.85% increase from 2020, which was particularly hit by a steep 18.13% decline. The year-on-year decrease in 2022 and 2023 were -1.35% and -1.34% respectively. Looking over the recent five years, the compound annual growth rate was -0.91%, emphasizing a steady downward movement.
Future trends to watch for include innovations in eco-friendly materials, potential growth in digital retail channels, and evolving consumer preferences towards sustainability, which may shift market dynamics and consumption patterns in the hosiery segment.
