Analysis of the Finnish market for Women's and Girls' knitted or crocheted lingerie and nightwear reveals a declining trend over the past decade. From a peak of 2.85 units per capita in 2014, the market steadily decreased to 2.03 units per capita in 2023. The recent two-year variation indicates a consistent decline, with -2.91% from 2022 to 2023 alone. Over the last five years, the compound annual growth rate is -3.22%, signifying a substantial reduction in market engagement or consumption patterns.
Future trends to watch:
- Potential market stabilization as the decreasing trend smoothens.
- Increased consumer preferences for sustainable and ethical fashion may influence buying behavior.
- Technological advancements in textile production could result in product differentiation and enhanced consumer interest.