From 2013 to 2023, the market size value per capita for women and girls slips or petticoats made of synthetic fibers in Ireland declined from $0.47 to $0.18. This reflects a gradual decrease over the decade, with the sharpest drops occurring post-2016. From 2022 to 2023, the market saw a year-on-year reduction of 10%. The compound annual growth rate (CAGR) over the last five years was negative, indicating an average annual decline. In 2023, the value stood at $0.18.
Looking ahead, future trends to watch for include:
- Shifts towards sustainable materials impacting synthetic fiber demand.
- Potential recoveries linked to fashion trends and consumer spending power.
- Influence of environmental policies on synthetic fabric popularity.
