The underwear production value in France fluctuated significantly between 2013 and 2023, reaching 1.64 billion Euros in 2023. Key trends include a substantial jump in 2018 of 68.68% year-on-year, a sharp decline in 2020 by 41.71% due to COVID-19, and a recovery in the subsequent years with a moderate growth of 10.65% in 2023. Over the last two years (2021-2023), the market showed strong recovery trends, increasing by 41.97% in 2021 and 17.49% in 2022. On average, the market experienced a 5-year CAGR of -3.16% up to 2023, hinting at historical volatility.
For future trends, the market is forecasted to continue its growth, albeit at a slower pace, with a projected average annual growth rate (CAGR) of 1.04% over the next five years (2024-2028). Factors such as sustainability initiatives, evolving fashion trends, and potential economic fluctuations will be critical to monitor for future market trajectory.
