The forecast for Italy's production of knitted or crocheted garments, including tracksuits, ski suits, and swimwear, indicates a declining trend from 2024 to 2028. In 2023, production stood at approximately 4.5 million items. The projected figures for 2024 and 2025 suggest a decrease of 17.9% year-on-year. The trend continues with a further decline: 22.5% in 2026, 28.6% in 2027, and a substantial 39.8% drop by 2028. The compound annual growth rate (CAGR) from 2024 through 2028 is negative, indicating a steady decrease in production volumes over five years.
Future trends to watch for include:
- Potential shifts in consumer preferences towards sustainable and eco-friendly materials, possibly affecting production volumes.
- Technological advancements in textile manufacturing that might influence cost and efficiency.
- Changes in global economic conditions impacting this sector, particularly in the European market.