The market for men's and boys' shirts of textile fabric not knitted or crocheted in Spain has shown a downward trend from 2013 to 2023, starting at approximately 434.88 million euros and declining to 257.9 million euros. The year-on-year variations indicate notable fluctuations, with a substantial drop in 2020 at -21.78%, a partial recovery in 2021 at 13.74%, and continued declines thereafter, including 2023's decrease of -6.04%. Over the last five years, the compounded annual growth rate (CAGR) is -4.4%, underscoring a steady contraction in market size.
Future trends to watch for include potential market stabilization post-2023 as economic conditions evolve. Factors such as changing consumer preferences, sustainable fashion trends, and digital retail innovations might influence market dynamics. Attention to these trends will be vital for forecasting recovery or further declines within this sector.
How does Spain rank in Men's or Boys' Shirts of Textile Fabric Not Knitted or Crocheted Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 629,110,000 | 2023 | -1.16% | -0.89% | View data |
| 2 | 2 France | 557,020,000 | 2023 | -0.62% | -0.71% | View data |
| 3 | 3 Italy | 458,090,000 | 2023 | -0.43% | -0.54% | View data |
| 4 | 4 Germany | 457,200,000 | 2023 | -1.94% | -2.93% | View data |
| 5 | 5 Spain | 257,900,000 | 2023 | -6.04% | -4.4% | |
| 6 | 6 Poland | 211,390,000 | 2023 | +3.1% | +2.91% | View data |
| 7 | 7 Netherlands | 171,240,000 | 2023 | +1.34% | +1.75% | View data |
