From 2013 to 2023, Slovakia's men's and boys' underpants market made of synthetic fibers fluctuated, with a notable downward trend. In 2023, the market size value per capita stood at $0.45. There was a consistent decrease, particularly between 2016 and 2019, and a sharp drop during 2020. Recent years (2021-2023) displayed a slight recovery but continued to trend downward. The two recent years (2021-2023) show variations of -6% in 2022 and -4% in 2023, while the five-year CAGR from 2018 to 2023 is -4.3%.
Future trends to watch for include a potential stabilization or recovery as the economy stabilizes post-pandemic. Factors like changing consumer preferences, economic adjustments, and potential shifts towards sustainable materials may influence growth or further decline in the synthetic fibers segment.
