The market size of men's and boys' underpants made of synthetic fibers in Cyprus exhibited a declining trend from 2013 to 2023. The value per capita decreased from 0.38 USD in 2013 to 0.34 USD in 2023. Notably, the market saw a significant drop in 2020 to 0.29 USD but recovered slightly in subsequent years. Year-on-year variations showed fluctuations with a recovery post-2020, and a consistent value in the last three years. The compound annual growth rate (CAGR) for the past five years is negative, indicating an average annual decrease in the market value per capita.

Future trends to watch for include:

Potential recovery in consumer spending and demand for synthetic fiber underpants driven by economic and population growth.
Innovation in synthetic fibers leading to increased consumer interest and value growth.
Impact of ecological concerns and consumer preference shifts towards sustainable or natural materials, possibly affecting synthetic fiber demand.
Policy changes in textile imports and tariffs which could influence market dynamics.