The market size for men's or boys' trousers, bib and brace overalls, breeches, and shorts of textile fabrics not knitted or crocheted in Ireland reached 10.421 million in 2023. This indicates a steady growth, with a year-on-year increase of 0.8% from 2022. Over the last five years, the compound annual growth rate (CAGR) is around 0.85%, which reflects a moderate recovery after the market contraction in 2020.
Key observations include:
- A sharp decline in 2020, likely due to external disruptions.
- Robust recovery in 2021, with a substantial 21.5% year-on-year growth.
- Consistent, albeit modest growth rates in the subsequent years.
Looking forward, the following trends should be noted:
The market may witness further growth driven by increased demand for sustainable and eco-friendly products. Economic conditions and consumer preferences towards comfort and casual styles could also influence market dynamics. Monitoring technological advancements in textile production and potential shifts in global supply chains will be essential for understanding future developments.
