The sold production of tracksuits, ski suits, and swimwear in Italy was valued at 223.90 million Euros in 2023. The forecasted data for 2024 is 221.32 million Euros, reflecting a decrease of 1.15% compared to the previous year. By 2025, the value is expected to further decline to 217.75 million Euros, presenting a year-on-year decrease of 1.61%. The downward trend continues with values of 214.22 million Euros in 2026, 210.72 million Euros in 2027, and 207.25 million Euros in 2028, marking consecutive decreases of 1.62%, 1.63%, and 1.65% respectively.
The compounded annual growth rate (CAGR) from 2023 to 2028 is approximately -1.52%, indicative of a consistent annual reduction in sold production value over the forecast period.
Future trends to watch:
- Consumer demand and shifts in preferences towards sustainable and high-performance sportswear.
- The impact of economic conditions and discretionary spending on luxury and specialty sportswear segments.
- Technological advancements in fabric and design that could influence market dynamics.