In Mauritius, the market for panty hose made from materials other than synthetic fibers revealed notable growth from 2013 to 2023, reaching a market size value of $1,691.6 thousand in 2023. Despite a dip in 2020, due to perhaps external market shocks, the overall trend exhibited consistent recovery with the highest growth marked in 2021. The Compound Annual Growth Rate (CAGR) over the past five years was approximately 4.3%, signifying a moderate annual increase.
Future trends to watch for include:
- Potential shifts in consumer preferences towards eco-friendly and natural fibers, driving demand.
- Impact of global supply chain adjustments on material costs and availability.
- Technological advancements in textile manufacturing that could stimulate innovation and market expansion.