The Women's and Girls' Slips or Petticoats Made of Synthetic Fibres market in Ireland has experienced a decline from 2013 to 2023, with its value standing at $0.921 million in 2023. The data shows a consistent downward trajectory with a significant decrease in 2020 and minor recoveries noticed in 2015 and 2021. The compound annual growth rate (CAGR) over the last five years highlights a continued average contraction of 6.22% per year.
Future trends to watch for:
- Potential shifts in consumer preferences towards sustainable and eco-friendly fashion could further impact demand for synthetic fibre products.
- Economic recovery and increased disposable income post-2023 might offer opportunities for market stabilization or growth.
- Innovation in synthetic fibre production could enhance product appeal, possibly reversing the declining trend.