The Austrian market for men's or boys' underpants and briefs made of textile fabric not knitted or crocheted experienced significant fluctuations from 2013 to 2023. Notably, the market volume began a decline from 2016 after a slight peak, with 2023’s volume recorded at 1.0154 million units. Over the past two years, there was a consistent downturn with 2022 showing a -13.3% drop compared to 2021 and 2023 witnessing a further -6.44% decline.
Key variations in growth patterns were observed throughout the decade, with the past five-year CAGR pointing to an average annual decrease of -3.61%. Noteworthy downturns occurred particularly after 2016, with the sharpest annual dips identified in 2017 and 2022.
Future trends to watch for:
- Increased consumer demand for eco-friendly and sustainable fabrics might shift market dynamics.
- Potential economic factors and fashion trends influencing market recovery or further decline.
- The impact of digitalization and e-commerce driving changes in consumer purchasing behavior.
