The Women and Girls Underwear and Nightwear Knitted or Crocheted market in Japan has seen a decreasing trend over the last decade. In 2023, the market value stood at 2.1976 billion dollars, with notable year-on-year declines, especially in the past two years, where the market reduced by 7.88% in 2022 and 8.47% in 2023. The compound annual growth rate (CAGR) over the last five years reached -8.18%, indicating persistent contraction. Despite temporary increases, the overall period shows a steady decline.
Future trends to watch for:
- The growing global trend towards sustainability and ethical production could influence Japanese consumers.
- The impact of economic and demographic changes, including an aging population, may continue to affect market demand.
- Technological advancements might introduce innovative materials and enhanced comfort, potentially revitalizing interest.
- Shifts towards e-commerce and digital retail channels could alter traditional purchasing habits, offering potential for market recovery.
| # | 37 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 2,553,400,000 | 2023 | -1.29% | -1.25% | View data |
| 2 | 2 France | 2,262,600,000 | 2023 | -1.22% | -1.42% | View data |
| 3 | 3 Germany | 2,231,000,000 | 2023 | -1.14% | -2.67% | View data |
| 4 | 4 Japan | 2,197,600,000 | 2023 | -8.47% | -8.18% | |
| 5 | 5 India | 1,434,800,000 | 2023 | +3.33% | +4.97% | View data |
| 6 | 6 Canada | 1,243,700,000 | 2023 | +1.16% | +1% | View data |
