The market for hosiery made of synthetic fibres in Lithuania showed variable trends from 2013 to 2023, with fluctuations evident in the year-on-year variations. The market value stood at $3.685 million in 2023. The significant decline in 2020 was followed by a recovery in 2021, though the growth did not sustain in subsequent years. The five-year CAGR indicates a slight average annual decrease of 0.76% from 2019 to 2023.
Future trends to watch for include:
- Potential increases in demand for sustainable and eco-friendly synthetic materials.
- Shifting consumer preferences towards higher quality and durable hosiery products.
- Impact of economic recovery post-pandemic on personal apparel spending.