Germany's sold production of underwear has experienced significant fluctuations over the past decade. Actual values illustrate a peak in 2013 at 243.23 million Euros, followed by a general downward trend. By 2018, the industry saw a considerable decline to 168.53 million Euros. Although there was slight recovery in the subsequent years, the value remained lower than previous highs — reaching 177.22 million Euros in 2023. The year-on-year variation for 2023 was a slight decrease of -1.00%, while the Compound Annual Growth Rate (CAGR) over the last five years was a modest increase of 1.01%.
Looking forward, forecast data suggests a continued gradual decline. The value is expected to reach 168.5 million Euros by 2028. Future CAGR for the next five years is forecasted to be a decrease of -0.8%, indicating a slight contraction over time. This results in a forecasted five-year growth rate of -3.96%.
Future trends to watch for include potential shifts in consumer preferences towards sustainable and eco-friendly products, which could influence production and sales volumes. Additionally, any economic fluctuations or changes in trade policies may impact the market's dynamics and overall performance.
