The market for babies' garments and clothing accessories knitted or crocheted in Portugal showed fluctuations from 2013 to 2023. Despite an increase in value in the early years, the market faced a consistent decline from 2015 onwards. By 2023, the market was valued at approximately 159.84 million USD. A declining trend has been observed with year-on-year decreases particularly notable in the last two years, contributing to a negative compounded annual growth rate of -2.81% over the last five years.
Future trends to watch for:
- Increasing awareness of sustainable and eco-friendly fashion, potentially influencing buyer preferences.
- Growth of online retailing, which may provide new avenues for market recovery.
- Potential economic recovery post-global events, which could stabilize the declining trend.
| # | 39 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 6,036,800,000 | 2023 | +1.64% | +0.24% | View data |
| 2 | 2 India | 2,394,200,000 | 2023 | +10.03% | +6.99% | View data |
| 3 | 3 United Kingdom | 2,053,600,000 | 2023 | -1.05% | -0.68% | View data |
| 4 | 4 France | 2,020,200,000 | 2023 | -0.27% | -0.62% | View data |
| 5 | 5 Germany | 1,759,500,000 | 2023 | +2.73% | +1.46% | View data |
| 20 | 20 Sweden | 185,330,000 | 2023 | -0.35% | -0.23% | View data |
| 21 | 21 Switzerland | 175,540,000 | 2023 | +1.77% | +1.38% | View data |
| 22 | 22 Portugal | 159,840,000 | 2023 | -3.17% | -2.81% | |
| 23 | 23 Greece | 132,590,000 | 2023 | -2.39% | -2.2% | View data |
| 24 | 24 Peru | 131,860,000 | 2023 | +2.03% | +2.68% | View data |
