From 2013 to 2023, the UK market for men's and boys' trousers and shorts made of synthetic fibres has steadily increased in value per capita, reaching $12.62 in 2023. This represents substantial growth during this decade. In the past two years, the market has seen significant growth, with year-on-year increases of 3.39% in 2022 and 3.27% in 2023.
Over the last five years, the compound annual growth rate (CAGR) suggests a consistent upward trend at approximately 3.89% annually.
In terms of future trends:
- Watch for evolving consumer preferences towards sustainable and eco-friendly options, which could impact synthetic fibre demand.
- Digital innovation in fashion retailing and consumer engagement is expected to drive sales.
- The geopolitical landscape and economic fluctuations might influence fibre prices and production costs.