The Knitted and Crocheted Hosiery market in Sweden has experienced a significant decline from 2013 to 2023, with a per capita consumption dropping from 1.46 to 0.47 pairs. This represents a noticeable downward trend, particularly sharp from 2016 onwards. The volume per capita in 2023 is noteworthy, revealing a continued decrease year-on-year in recent years. Over the past two years, the decline was 5.08% in 2022 and 20.34% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at -4.73%, signifying a steady annual contraction.
Future trends to watch include potential stabilization or further decline driven by changing consumer preferences, environmental concerns, and shifts in fashion trends. Monitoring e-commerce developments and evolving sustainability practices may present new market dynamics and opportunities.
