In Hungary, the T-Shirts, Singlets, and Vests of Knitted or Crocheted Textiles market reached a size of 211.62 million Euros in 2023. From 2013 to 2023, the market demonstrated fluctuations, with notable growth until 2019. The largest yearly increase occurred in 2018. However, the market faced declines in 2020 and 2021 due to various economic pressures, but rebounded modestly in 2022 and 2023. The compound annual growth rate (CAGR) over the last five years was 2.49%, indicating a trend of moderate growth.
Future trends to watch for include:
- The impact of evolving consumer preferences for sustainable and ethically produced garments.
- Technological advancements improving supply chain efficiency.
- The effect of economic conditions on consumer spending in the textiles sector.
- Potential regulatory changes affecting textile imports and local production.
| # | 16 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,292,800,000 | 2023 | +0.98% | -1.68% | View data |
| 2 | 2 United Kingdom | 2,118,000,000 | 2023 | +0.18% | +0.87% | View data |
| 3 | 3 France | 2,105,700,000 | 2023 | +4.96% | +1.88% | View data |
| 4 | 4 Austria | 663,300,000 | 2023 | +2.49% | +2.34% | View data |
| 5 | 5 Italy | 380,950,000 | 2023 | -2.17% | -2.83% | View data |
| 7 | 7 Sweden | 238,010,000 | 2023 | -7.82% | -5.7% | View data |
| 8 | 8 Poland | 214,770,000 | 2023 | -15.67% | -10.62% | View data |
| 9 | 9 Hungary | 211,620,000 | 2023 | +5.85% | +2.49% | |
| 10 | 10 Greece | 183,110,000 | 2023 | +0.26% | -4.04% | View data |
| 11 | 11 Finland | 163,810,000 | 2023 | -0.3% | +0.92% | View data |
