From 2013 to 2023, Indonesia's per capita market value for panty hose made of materials except synthetic fibers displayed modest growth, starting at $0.33 in 2013 and reaching $0.39 in 2023. The market experienced fluctuations with a notable dip in 2020 to $0.31, likely due to the pandemic's impact. However, recovery followed, with values rising to $0.38 in 2022 and $0.39 in 2023. The year-on-year growth from 2022 to 2023 was 2.63%. The five-year compound annual growth rate (CAGR) stands at 1.61%, indicating steady but slow growth over this period.
Future trends to watch for:
- Continued growth in consumer interest in sustainable and natural fiber products could drive market expansion.
- Innovations in non-synthetic materials could enhance product offerings and attract environmentally conscious consumers.
- Economic factors and disposable income changes in Indonesia will influence market dynamics.