The market size value per capita for women's and girls' dresses made of artificial fibers in Ireland has showcased a declining trend over the past decade. In 2023, it stood at $2.97 USD per capita, marking a decrease from $4.55 in 2013. Notably, the years 2013 to 2015 featured a significant drop, and the value has continued to decline steadily, dipping to the lowest point in 2020 at $2.62 per capita. Over the last two years, from 2022 to 2023, there was a year-on-year decrease of approximately 2%. The compound annual growth rate (CAGR) over the last five years shows an average annual decline of approximately 1.6%.
Future trends to watch for include advancements in sustainable and eco-friendly artificial fibers, which could revitalize consumer interest and alter market dynamics. Additionally, shifts in consumer purchasing power and fashion trends may further impact the demand for artificial fiber dresses, presenting both challenges and opportunities for market stakeholders.
