The market size value per capita for panty hose made of materials other than synthetic fibers in Lithuania has shown a steady decline from 2013 to 2023. The value stood at $0.54 in 2023. Notably, over the last two years, the year-on-year variation was negative, with a decline of 12.5% from 2021 to 2022, followed by a further decline of 14.3% from 2022 to 2023. The compound annual growth rate (CAGR) over the last five years indicates an average annual decrease of 7.3%.
Future trends to watch for include:
- Continued shifts towards eco-friendly and sustainable materials as consumers increasingly favor natural fiber alternatives.
- The impact of innovations in textile technology that might introduce competitive alternatives to existing panty hose materials.
- Potential economic factors affecting consumer purchasing power in the region, influencing market dynamics.