In 2023, the sales of women's hosiery in non-store retailing in Canada stood at 10.50 million Canadian dollars. Forecasted data from 2024 to 2028 shows a steady growth with values of 10.79, 11.14, 11.49, 11.83, and 12.16 million CAD respectively. From 2023 to 2024, there is a 2.76% increase, indicating positive momentum. The compound annual growth rate (CAGR) over the next five years is approximately 3.0%, suggesting consistent market expansion.
Future trends to watch for include:
- Increasing consumer preference for convenience and online shopping may drive non-store sales further.
- Technological advancements in material and design, offering greater comfort and style.
- Rising fashion trends promoting hosiery as a versatile clothing accessory.
- Potential impact of economic factors on disposable income and consumer spending.