The knitted and crocheted apparel sector in Norway shows a declining trend from 2024 to 2028. In 2024, the production value is forecasted at 137.4 million NOK, decreasing each year to reach 104.9 million NOK by 2028. Comparing values from 2023 would indicate the beginning base, highlighting the downward trajectory. The year-on-year variation reveals consistent negative growth rates, and the compounded annual growth rate (CAGR) over these five years emphasizes a continuous decline.
Future trends to watch for:
- Shifts in consumer preferences towards sustainable and locally-produced goods.
- Potential impacts of international trade policies and economic fluctuations.
- Advancements in textile technology and automation that could influence production costs and capabilities.
