From 2013 to 2023, the sold production of underwear in Italy showed significant fluctuations and an overall declining trend. The year-on-year variation demonstrates a mix of sharp decreases and occasional recovery years. Notably, there were significant drops in 2014, 2015, and 2019, while there were recovery periods like in 2016 and 2021. By 2023, the value stood at 101.99 million items, continuing the downward trajectory from previous years.
Key trends observed include:
- 2013-2014: A steep decline by 21.64% followed by another significant drop in 2015 of 27.55%.
- 2016-2017: A recovery period with increases of 27.9% and 11.78% respectively.
- 2019: A drastic fall of 44.37% reflecting market volatility.
- 2020-2021: Another recovery with a smaller rise in 2020 by 2.79% and a notable increase of 35.88% in 2021.
- 2022-2023: Continuation of decline with a 22.68% drop in 2022 and an 8.05% decrease in 2023.
Looking forward, the forecast indicates a continuing decline with a compound annual growth rate (CAGR) of -8.83% expected from 2024 to 2028. This suggests a steady decrease in sold production, likely driven by changing market dynamics, consumer behavior, or competitive pressures. By 2028, the production volume is projected to decline drastically further to 58.683 million items, a substantial drop of 37% over five years.
Future trends to watch for include shifts in consumer preferences towards sustainable and innovative fabrics, potential market consolidation, and the impact of economic conditions on consumer spending. Monitoring these factors can provide valuable insights into navigating the market landscape effectively.
