The underwear market in the Netherlands has shown volatility from 2013 to 2023. The market value, expressed in billion Euros, witnessed ups and downs, with a notable increase in 2014 (23.28%) and a sharp decline in 2020 (-16.53%). The market value in 2023 stood at 1.8012 billion Euros, marking a marginal year-on-year increase of 0.52% from 2022. Over the past five years (2019-2023), the Compound Annual Growth Rate (CAGR) was relatively modest at 1.43%.
Looking at future trends, the forecasted data from 2024 to 2028 suggests a steady but slow growth with an overall CAGR of 0.42%, indicating a stabilized market. The expected growth rate over these five years is projected to be 2.14%, signaling a very gradual upward trend.
Future trends to watch for in the Dutch underwear market include:
- Consumer preferences shifting towards sustainable and eco-friendly materials.
- Increased demand for comfort-driven designs influenced by lifestyle changes post-pandemic.
- Potential growth in online retail channels as e-commerce continues to expand.