From 2013 to 2023, the market size value per capita of men's and boys' cotton underpants in Canada decreased from $8.17 to $7.48. The highest value was recorded in 2015, while the lowest was in 2023. Notably, there has been a consistent decline in values since 2015, with a notable decrease of 0.53% year-over-year from 2022 to 2023. Over the past five years, the average Compound Annual Growth Rate (CAGR) was approximately -0.28%.
Looking towards future trends, economic conditions, including potential changes in disposable income and shifting fashion preferences, could influence market dynamics. Additionally, environmental concerns and sustainable practices may drive demand towards eco-friendly products within this category.
