The Irish market for handkerchiefs, shawls, scarves, veils, ties, cravats, gloves, and other made-up clothing accessories experienced a steady decline in volume per capita from 2013 to 2020, dropping from 0.92 to 0.56. Though 2021 showed a slight recovery to 0.66, a gradual decrease followed, reaching 0.63 in 2023. The year-on-year decline from 2022 to 2023 stood at around 1.6%, an improvement compared to previous years. The five-year CAGR ending in 2023 is approximately -2.5%, reflective of longer-term contraction.
Future trends for the Irish market might include:
- A shift towards sustainable and eco-friendly products.
- Innovation in fashion trends that could spur renewed interest in accessories.
- Potential impact of economic factors influencing discretionary spending.
