Between 2013 and 2023, the underwear production value in Spain showed considerable volatility. It peaked in 2017 at €304.9 million, followed by a sharp decline, reaching a low of €128 million in 2020. The following years saw some recovery, with 2023 standing at €194.9 million. The year-on-year growth for 2023 was 2.47%, showing stability after the volatile preceding years. Over the past five years, the CAGR was a slight increase of 0.26%.

Looking ahead, from 2024 to 2028, the forecast indicates a gradual decline, with a forecasted production value of €170 million by 2028. The 5-year CAGR is expected to be -2.09%, reflecting a consistent decrease, encapsulating an overall negative growth rate of -10.01% over these years.

Future trends to watch for include:

Impact of sustainable and ethical production practices on consumer demand.
Influence of global economic conditions and their effect on consumer spending power.
Technological advancements in textile manufacturing which could reduce costs and change production dynamics.
Shifts in fashion trends and consumer preferences impacting product demand.