Italy dominates the European knitted and crocheted apparel market, with a significant share of 68.09 million euros in 2023, marking a notable 15.12% increase year-on-year. France, although second, experienced a decline of 2.7%. Portugal and Croatia showed positive growth at 1.53% and 3.47% respectively. Meanwhile, Spain and the UK faced declines, with the UK notably dropping by 7.09%. Smaller markets like Belgium and Cyprus saw substantial decreases, with Belgium's turnover plummeting by 22.48%.
Looking forward, key trends to watch include Italy's continued market leadership and potential rebounds in struggling markets like the UK and Spain. Additionally, smaller markets with positive growth such as the Netherlands and Estonia may offer emerging opportunities for expansion in the sector.
Top countries in Knitted and Crocheted Apparel Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 68.09 | 2023 | +16.27% | +15.12% | View data |
| 2 | 2 France | 6.13 | 2023 | -3.34% | -2.7% | View data |
| 3 | 3 Portugal | 3.78 | 2023 | +5.36% | +1.53% | View data |
| 4 | 4 Spain | 3.32 | 2023 | -0.99% | -4.55% | View data |
| 5 | 5 Poland | 2.56 | 2023 | -0.94% | -2.06% | View data |
| 6 | 6 Croatia | 2.32 | 2023 | +7.9% | +3.47% | View data |
| 7 | 7 United Kingdom | 1.43 | 2023 | -10.12% | -7.09% | View data |
| 8 | 8 Romania | 1.26 | 2023 | +2.91% | -0.68% | View data |
| 9 | 9 Bulgaria | 1.22 | 2023 | +9.41% | -1.26% | View data |
| 10 | 10 Slovakia | 0.59 | 2023 | -0.82% | -1.6% | View data |
