In 2023, Germany dominated the European market for knitted or crocheted hosiery and footwear production, representing the largest share. France and Italy followed as significant contributors, although both experienced a slight decline in production value. Portugal and Spain's shares decreased slightly, while Poland, Serbia, and Bulgaria saw modest growth. Notably, the United Kingdom experienced a steep decline, sharply contrasting with Greece's significant upward trend. Observations over the past five years show a varied CAGR, highlighting diverse market dynamics.
Future trends to watch for include:
- A shift towards sustainable and eco-friendly production reflecting consumer demand and regulatory pressures.
- Potential growth in Eastern European countries driven by competitive costs and rising quality standards.
- Technology integration in manufacturing processes to enhance efficiency and customization capabilities.
Top countries in Sold Production of Knitted or Crocheted Hosiery and Footwear Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 43.9 | 2023 | +2.41% | +2.16% | View data |
| 2 | 2 France | 14.61 | 2023 | -1.5% | -1.82% | View data |
| 3 | 3 Italy | 9.36 | 2023 | +1.3% | -0.76% | View data |
| 4 | 4 Portugal | 7.04 | 2023 | +1.79% | -1.25% | View data |
| 5 | 5 Poland | 4.09 | 2023 | +1.07% | +1.02% | View data |
| 6 | 6 Spain | 3.65 | 2023 | +3.71% | -0.33% | View data |
| 7 | 7 Croatia | 3.59 | 2023 | +2.31% | -0.66% | View data |
| 8 | 8 Serbia | 2.63 | 2023 | +2.65% | +1.79% | View data |
| 9 | 9 Bulgaria | 2.42 | 2023 | +2.02% | +1.52% | View data |
| 10 | 10 Slovakia | 1.92 | 2023 | +0.13% | -1.97% | View data |
