The Danish market for knitted or crocheted hosiery, including panty hose, tights, stockings, and socks, shows a notable decline in per capita volume from 2013 to 2023. Starting at 2.56 in 2013, it reached 1.3 by 2023, underscoring a consistent downtrend with an accelerated decline in the latter half of this period. From 2022 to 2023, the market experienced a -5.1% decrease, reinforcing this downward trajectory. Averaging the change over five years (CAGR) reveals a significant annual decrease, highlighting consistent negative growth.
Future trends to watch for:
- Consumer shift towards sustainable and innovative materials may modulate demand.
- Economic factors influencing discretionary spending will impact market recovery.
- Trends in fashion and comfort-centric products could redirect growth paths.