Between 2013 and 2023, Ireland's per capita volume of made-up textile articles has shown a consistent upward trend, increasing from 0.43 in 2013 to 0.59 in 2023. Notable fluctuations occurred in 2016, showing a slight decrease, whereas 2017 demonstrated a significant rise. The year-on-year growth from 2021 to 2023 showcased a steady increment, with percentages of around 1.8% in 2022 and 3.5% in 2023. The compound annual growth rate (CAGR) for the past five years is approximately 1.8%. Overall, the market experienced positive growth trends with a strong performance towards the end of the period.
Future trends to watch for include technological advancements in textile manufacturing, sustainable and eco-friendly practices gaining traction, and the potential impact of economic and political changes on market dynamics. Continued growth is anticipated, driven by increasing consumer demand for innovative and sustainable products.
