The market for gloves, mittens, and mitts made of knitted or crocheted textiles in Hungary experienced substantial growth from 2013 to 2023, reaching 50.549 million euros. This represents a steady increase, with notable gains between 2013 and 2018. However, the market faced a temporary contraction in 2019 and 2020. A significant rebound occurred in 2021, with the market hitting a five-year CAGR of 3.96% by 2023. In the past two years, the market showed year-on-year growth rates of 5.53% and 5.19% respectively.
Future trends to watch for include the impact of sustainable materials adoption and potential shifts in consumer preferences post-2023. Continued innovation in textile technology and variations in seasonal demand patterns might also influence the market dynamics.
| # | 17 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 417,910,000 | 2023 | +4% | +3.52% | View data |
| 2 | 2 France | 251,620,000 | 2023 | +3.01% | +2.79% | View data |
| 3 | 3 United Kingdom | 209,250,000 | 2023 | +1.83% | +2.68% | View data |
| 4 | 4 Poland | 142,970,000 | 2023 | +3.34% | +4.94% | View data |
| 5 | 5 Spain | 86,874,000 | 2023 | +4.98% | +4.75% | View data |
| 6 | 6 Italy | 77,270,000 | 2023 | -6.19% | -5.33% | View data |
| 7 | 7 Austria | 50,894,000 | 2023 | -0.4% | +0.84% | View data |
| 8 | 8 Hungary | 50,549,000 | 2023 | +5.19% | +3.96% | |
| 9 | 9 Finland | 50,215,000 | 2023 | +3.97% | +3.26% | View data |
| 10 | 10 Czech Republic | 48,200,000 | 2023 | +4.15% | +4.51% | View data |
