The Knitted and Crocheted Hosiery market in Finland experienced a declining trend from 2013 to 2023, with the market value reducing to 70.601 million euros in 2023. Notable decreases were observed in 2018 (-13.29%) and 2022 (-4.51%). Recent years reflected a consistent deceleration, with the year-on-year change in 2023 noted at -2.71%. The compound annual growth rate (CAGR) over the past five years marked a -1.82% average annual decrease.
Future trends to monitor include:
- The growing interest in sustainable and eco-friendly products, potentially reshaping consumer demand.
- Technological advancements in manufacturing, offering diversification and potential market revival.
- Shifts in consumer behavior post-pandemic affecting market dynamics and recovery strategies.
How does Finland rank in Knitted and Crocheted Hosiery Market Size Value?
| # | 15 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,422,900,000 | 2023 | +0.83% | +0.71% | View data |
| 2 | 2 France | 1,316,500,000 | 2023 | +0.62% | +1.71% | View data |
| 3 | 3 Italy | 706,630,000 | 2023 | -2.11% | -1.84% | View data |
| 4 | 4 United Kingdom | 706,430,000 | 2023 | -0.87% | -0.46% | View data |
| 5 | 5 Spain | 369,620,000 | 2023 | -1.18% | -0.35% | View data |
| 9 | 9 Ireland | 95,248,000 | 2023 | +5.92% | +2.47% | View data |
| 10 | 10 Hungary | 79,625,000 | 2023 | +9.22% | +2.12% | View data |
| 11 | 11 Finland | 71,060,000 | 2023 | -2.71% | -1.82% | |
| 12 | 12 Denmark | 70,180,000 | 2023 | -1.15% | -2.37% | View data |
| 13 | 13 Greece | 69,394,000 | 2023 | +1.04% | -0.61% | View data |
