The market size for men's and boys' trousers and shorts made of synthetic fibers in New Zealand reached USD 47.273 million in 2023. This represents a growth of 1.45% from the previous year. Over the past two years, the market showed an upward trajectory despite slight fluctuations, aided by a robust 22.36% increase in 2021 following a dip in 2020. The five-year CAGR stands at 1.87%, indicating moderate growth.
Future trends to watch for:
- Increasing consumer preference for synthetic fibers due to their durability and versatility.
- The impact of environmental concerns driving innovation in sustainable synthetic materials.
- Potential influence of global fashion trends on local consumer demand.