The underwear market in Italy has experienced significant fluctuation between 2012 and 2022. The market saw a general declining trend from 2012 to 2017, with a marked decrease of 11.35% in 2012 and a continuing reduction in following years, except for a minor uplift in 2018. The period from 2013 to 2017 is characterized by a compound annual growth rate (CAGR) of -6.68%. Despite some recovery in 2016 and a positive change in 2018, the market declined by 2.97% in 2019 and saw a substantial drop of 20.18% in 2020, largely due to the COVID-19 pandemic. Recovery efforts in 2021 showed a growth of 16.82%, although the market shrank by 3.07% in 2022.
Future trends to watch for include potential recovery and stabilization post-pandemic, driven by changing consumer behaviors, increased online shopping, and potential innovations in eco-friendly and smart textiles. Market players should also be aware of the impacts of global economic conditions and evolving fashion trends influencing consumer preferences.
How does Italy rank in Underwear Market Size Value?
| # | 18 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 6,208,700,000 | 2023 | -0.042% | +0.79% | View data |
| 2 | 2 France | 5,600,400,000 | 2023 | +5.54% | +1.8% | View data |
| 3 | 3 Germany | 5,596,300,000 | 2023 | +1.71% | -1.11% | View data |
| 4 | 4 Spain | 3,301,500,000 | 2023 | -0.71% | -0.33% | View data |
| 5 | 5 Italy | 2,007,000,000 | 2023 | -3.1% | -3.2% | |
| 6 | 6 Netherlands | 1,801,200,000 | 2023 | +0.52% | +1.43% | View data |
| 7 | 7 Austria | 1,435,400,000 | 2023 | +4.41% | +1.36% | View data |
