The hosiery made of cotton market in Lebanon experienced a moderate growth reaching a market size of 11.141 million USD in 2023. Over the past decade, the market showed fluctuations with an initial surge in 2014 and periodic declines such as in 2015 and 2018. From 2022 to 2023, the market recorded a slight increase of 1.83%. Looking at the five-year period leading up to 2023, the compound annual growth rate (CAGR) was calculated to be 2.29%, indicating steady growth within the sector.
Future trends to watch for include the impact of economic conditions in Lebanon, changes in consumer preferences towards sustainable materials, and any potential shifts in the regulatory environment affecting import and export dynamics. Technological advancements in textile production may also influence market dynamics moving forward.
