The men's and boys' knitted or crocheted undergarments market in Spain experienced a declining trend from 2013 to 2023, with the market volume falling from 78.204 million in 2013 to 46.886 million in 2023. The year-on-year variation from 2022 to 2023 was -5.22%, marking a continuation of the downward trajectory observed since 2015. The compound annual growth rate (CAGR) over the last five years was -4.38%, reflecting a consistent decrease in market size volume.
Future trends to watch for:
- Shift towards sustainable and eco-friendly materials driven by consumer demand.
- Growth in e-commerce penetration influencing purchasing behavior.
- Increasing competition from international brands impacting local producers.
