The Finnish market for panty hose, tights, stockings, socks, and other hosiery of knitted or crocheted textiles saw a gradual decline from 2013 to 2023, reaching a market size value of 70.601 million Euros in 2023. Between 2013 and 2017, the market fluctuated but displayed no significant upward trends. Post-2017, the market experienced a sharper decline, with year-on-year decreases more notable, particularly a significant drop in 2018. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 was a negative 1.82%, reinforcing the downward trajectory. Recent years show persistent declines in market value, highlighting a challenging period for the industry.
Future trends to watch for include potential market stabilization or growth driven by innovations in fabric technology, sustainability trends, and consumer preference shifts. Market players may focus on product diversification and eco-friendly options to revive sales and address consumer demand for sustainability. Monitoring these shifts and adapting to evolving consumer behaviors will be crucial for market success.
How does Finland rank in Panty Hose, Tights, Stockings, Socks and Other Hosiery of Knitted or Crocheted Textile 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 | 70,601,000 | 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 |
