The market for knitted or crocheted textiles, including T-shirts, singlets, and vests in Austria, grew steadily from 2013 to 2023, reaching a size of 663.3 million Euros in 2023. The market experienced occasions of fluctuation, notably a dip in 2020 due to external factors, likely influenced by the global economic climate. A promising recovery followed in 2021 with a significant growth rate of over 11%. Year-on-year growth from 2022 to 2023 was around 2.5%, and the CAGR for the past five years averaged 2.34%.
Future trends to watch for:
- Continued growth in online retail channels, driven by digital transformation.
- An increasing consumer preference for sustainable and locally produced textiles.
- Potential economic fluctuations impacting consumer spending behavior.
How does Austria rank in T-Shirts, Singlets and Vests of Knitted or Crocheted Textiles Market Size Value?
| # | 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% | |
| 5 | 5 Italy | 380,950,000 | 2023 | -2.17% | -2.83% | View data |
| 6 | 6 Romania | 326,620,000 | 2023 | +7.79% | +10.03% | View data |
