The 2023 data shows significant disparities in the production of tracksuits, ski suits, swimwear, and other garments of knitted or crocheted textiles across European countries. Italy leads with the highest sold production value of €274 million, despite a slight decline of 1.16%. Spain and Bulgaria exhibit growth, with Spain increasing by 2.53% to €143.01 million and Bulgaria expanding by 6.15% to €46.243 million. Notably, Serbia's production surged by 29.89%, albeit from a lower base of €1.949 million. The United Kingdom and Hungary experienced substantial declines of 15.82% and 40.54%, respectively, highlighting significant challenges in these markets.
Future trends to watch include:
- The potential recovery in the United Kingdom and Hungary as they address production challenges.
- Continued expansion in Eastern European countries like Bulgaria and Serbia, driven by competitive manufacturing costs and export potential.
- Innovation and sustainability initiatives in leading markets such as Italy and Spain, particularly as consumer preferences shift towards eco-friendly products.
Top countries in Sold Production of Tracksuits, Ski Suits, Swimwear and Other Garments of Knitted or Crocheted Textiles by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 274,000,000 | 2023 | +9.98% | -1.16% | View data |
| 2 | 2 Spain | 143,010,000 | 2023 | +7.86% | +2.53% | View data |
| 3 | 3 Bulgaria | 46,243,000 | 2023 | +5% | +6.15% | View data |
| 4 | 4 Portugal | 41,959,000 | 2023 | +2.5% | +9.83% | View data |
| 5 | 5 Poland | 39,227,000 | 2023 | +2.93% | +2.14% | View data |
| 6 | 6 Croatia | 26,359,000 | 2023 | +2.04% | +3.14% | View data |
| 7 | 7 Romania | 16,652,000 | 2023 | -0.68% | -0.58% | View data |
| 8 | 8 Estonia | 14,564,000 | 2023 | +7.42% | +8.99% | View data |
| 9 | 9 Czechia | 9,998,300 | 2021 | |||
| 10 | 10 United Kingdom | 5,292,500 | 2023 | -22.34% | -15.82% | View data |
