The Knitted or Crocheted Hosiery and Footwear Market in Hungary reached a value of 48.132 million Euros in 2023. Over the past decade, the market has experienced fluctuating growth, with significant increases between 2013 and 2017, peaking in 2017, followed by a slight decline and eventual recovery by 2021. The past two years have shown positive growth rates of 5.21% and 4.91%, respectively. The five-year compound annual growth rate (CAGR) stands at 2.73%, indicating moderate overall growth.
Future trends to watch for include the growing consumer preference for sustainable and eco-friendly products, which could drive innovation and new offerings in the market. Additionally, the increasing influence of e-commerce platforms may reshape distribution channels and enhance market reach.
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,256,300,000 | 2023 | +1.95% | +1.66% | View data |
| 2 | 2 France | 879,810,000 | 2023 | +1.17% | +1.41% | View data |
| 3 | 3 United Kingdom | 589,890,000 | 2023 | +0.67% | +0.77% | View data |
| 4 | 4 Spain | 304,870,000 | 2023 | +0.88% | +1.23% | View data |
| 5 | 5 Austria | 179,220,000 | 2023 | +4.11% | +4.77% | View data |
| 10 | 10 Greece | 58,703,000 | 2023 | +2.67% | +4.36% | View data |
| 11 | 11 Czech Republic | 55,491,000 | 2023 | +1.45% | +1.43% | View data |
| 12 | 12 Hungary | 48,132,000 | 2023 | +4.91% | +2.73% | |
| 13 | 13 Denmark | 44,436,000 | 2023 | -0.2% | +0.18% | View data |
| 14 | 14 Estonia | 17,101,000 | 2023 | +3.95% | +2.89% | View data |
