The market for women and girls' underwear and nightwear knitted or crocheted in South Africa reached a size of $294.49 million in 2023. This reflects a modest growth of 0.68% from the previous year, following a pattern of slow but steady increases since a significant decline in 2020. The compound annual growth rate over the last five years stands at 0.81%, highlighting a generally stable market despite fluctuations caused by global and economic factors.
Future trends to watch for in this market include:
- Growth potential through increased digital retail channels and the popularity of online shopping.
- A focus on sustainable and eco-friendly products which are gaining traction among consumers.
- The impact of new fashion trends and designs in driving consumer purchases.
- Potential economic pressures that may affect consumer spending power and market dynamics.
How does South Africa rank in Women and Girls Underwear and Nightwear Knitted or Crocheted Market Size Value?
| # | 37 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 2,553,400,000 | 2023 | -1.29% | -1.25% | View data |
| 2 | 2 France | 2,262,600,000 | 2023 | -1.22% | -1.42% | View data |
| 3 | 3 Germany | 2,231,000,000 | 2023 | -1.14% | -2.67% | View data |
| 4 | 4 Japan | 2,197,600,000 | 2023 | -8.47% | -8.18% | View data |
| 5 | 5 India | 1,434,800,000 | 2023 | +3.33% | +4.97% | View data |
| 12 | 12 Switzerland | 338,610,000 | 2023 | -0.35% | -0.82% | View data |
| 13 | 13 Sweden | 306,520,000 | 2023 | +0.28% | +0.25% | View data |
| 14 | 14 South Africa | 294,490,000 | 2023 | +0.68% | +0.81% | |
| 15 | 15 Israel | 288,940,000 | 2023 | +4.68% | +5.34% | View data |
| 16 | 16 Mexico | 215,780,000 | 2023 | +0.96% | +0.37% | View data |
