The Underwear Market in the Netherlands has shown substantial fluctuations over the past decade. Starting in 2012 with a per capita volume of 32.82, the market saw a significant rise to 39.8 by 2013 and further growth reaching 43.32 by 2014. However, from 2015 onwards, the market experienced a downward trend with minor recoveries, reaching a low of 29.53 in 2020. Following the pandemic hit, there was a slight recovery, with the volume per capita rising to 35.32 in 2021 and stabilizing around 35.07 in 2022.
Looking at the year-on-year variations, there was a noticeable drop of 14.86% between 2014 and 2015, another dip by 2.56% from 2015 to 2016, and a 2.62% decline from 2016 to 2017. The market recovered by 12.12% from 2017 to 2018 but dropped by 12.87% from 2018 to 2019 and by 14.84% from 2019 to 2020. In the following years, the market saw a recovery, showing a positive trend of 19.61% from 2020 to 2021, though it slightly declined by 0.71% from 2021 to 2022. The Compound Annual Growth Rate (CAGR) over the last five years indicates a minimal average annual variation, hinting at a slow recovery phase.
Future trends to watch for include the potential impact of sustainability-focused consumer behavior, the increasing popularity of premium underwear brands, and the influence of e-commerce on purchasing habits. Monitoring these trends will be crucial for forecasting further market movements and capturing growth opportunities in the underwear sector in the Netherlands.
