The per capita market volume of women's and girls' dresses, skirts, and divided skirts made from textile fabrics not knitted or crocheted in Ireland has shown a fluctuating trend over the past decade. In 2023, the market stood at 1.19 units per capita. The market experienced significant declines in 2019 and 2020, correlating with broader economic impacts, but saw a slight recovery in 2021. However, this growth was not sustained, as values slipped again in 2022 and 2023. Over the last five years, the compound annual growth rate (CAGR) suggests a diminishing trend.
Future trends to watch for include:
- The influence of sustainable and ethical fashion on consumer preferences and purchasing behavior.
- Potential impacts of global economic shifts and inflation on disposable income and spending in the market segment.
- The role of digital transformation and online shopping platforms in reshaping market dynamics.