The hosiery market made of synthetic fibres in Spain has shown a steady increase from 2013 to 2023, reaching a value of 281.76 million USD by 2023. Notably, substantial growth was experienced between 2016 to 2017 and 2020 to 2021, despite a significant dip in 2020. The most recent complete year-on-year variation for 2023 was a modest increase of 0.78%, following a similar trend in 2022. The Compound Annual Growth Rate (CAGR) over the past five years indicates a stable average yearly growth of 0.53%.
Future trends to watch for include:
- Emergence of sustainable and eco-friendly synthetic fiber technologies.
- Impact of digital transformation and e-commerce on distribution channels.
- Potential market expansion with innovative products in high performance and designer hosiery.
- Consumer preference shifts towards comfort and functionality, affecting design and material choices.
