From 2012 to 2022, the knitted and crocheted hosiery market in Sweden experienced a consistent decline. In 2012, the market value was at 15.725 million, and it gradually decreased to 5.2102 million by 2022. Between 2012 and 2013, the market saw an 11.05% decrease; further significant drops occurred in subsequent years with a notable fall of 17.96% between 2018 and 2019. By 2020, the value had sharply reduced to 5.7299 million. Despite a brief bounce back in 2021 with a 6.98% increase, the market dipped again in 2022 with a 15% drop. The compounded annual growth rate (CAGR) over the last five years was -12.48%.
Future trends to watch for include potential market stabilization as Sweden's economy adjusts post-pandemic, the impact of sustainable materials and ethical production on consumer preferences, and advancements in e-commerce platforms improving product accessibility.
