The 2023 data reveals that Bosnia and Herzegovina leads the European production of non-knitted or crocheted men's and boys' vests and similar textile products with a value of 8.05 million items, marking a growth of 7.6% from the previous year. Serbia follows with 6.14 million items, showing a similar upward trend of 3.14%. Romania, although ranking third with 1.66 million items, experienced a decline of 6%. Major declines are evident in Italy and Spain, with decreases of 29.2% and 9.35%, respectively. Notably, Bulgaria showed a significant growth of 45.82%, whereas countries like Portugal, Poland, and Estonia saw substantial declines.
Future trends to watch include the increasing focus on sustainability and ethical manufacturing, which may shift production strategies and consumer preferences. Additionally, digital transformation and automation in manufacturing could impact production efficiency and cost. Close attention to emerging markets and altering trade policies will be crucial for forecasting shifts in production dynamics and identifying new opportunities within the industry.
Top countries in Sold Production of Men's or Boys' Singles and Other Vests, Underpants, Briefs, Nightshirts, Pyjamas, Bathrobes, Dressing Gowns of Textile Fabric Not Knitted or Crocheted by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Bosnia and Herzegovina | 8,054,600 | 2023 | +1.75% | +7.6% | View data |
| 2 | 2 Serbia | 6,140,700 | 2023 | +4.37% | +3.14% | View data |
| 3 | 3 Romania | 1,663,900 | 2023 | -3.63% | -6% | View data |
| 4 | 4 Italy | 741,680 | 2023 | -22.81% | -29.2% | View data |
| 5 | 5 Spain | 591,730 | 2023 | -17.8% | -9.35% | View data |
| 6 | 6 Greece | 285,920 | 2023 | -9.06% | -8.6% | View data |
| 7 | 7 Bulgaria | 233,870 | 2023 | +7.18% | +45.82% | View data |
| 8 | 8 Portugal | 153,290 | 2023 | -74.87% | -32.64% | View data |
| 9 | 9 Lithuania | 53,600 | 2023 | -5.41% | -0.057% | View data |
| 10 | 10 Estonia | 33,700 | 2023 | +19.16% | -7.66% | View data |
