Between 2013 and 2023, Spain's knitted and crocheted hosiery market saw fluctuations in per capita consumption, peaking at 1.04 in 2013 before declining to 0.6 by 2023. The most notable drops were from 2015 to 2018 and 2018 to 2020. The year-on-year variations for 2022 to 2023 showed a consistent decline, maintaining a decrease at a similar level as the previous year. The compound annual growth rate over the past five years was negative, reflecting a steady reduction in consumption.
Looking ahead, future trends to watch for include digitalization of retail, increasing consumer preference for sustainable products, potential recovery in global supply chains, and economic conditions that could influence purchasing power and consumer choices in Spain.
