The market size for hosiery made of synthetic fibers in Lebanon showed fluctuating growth from 2013 to 2023, ending the period at $1.7163 million in 2023. Significant declines were observed in 2017 and 2020, with slight rebounds in 2019 and a notable recovery in 2021. The Compound Annual Growth Rate (CAGR) over the past five years was 1.14%, indicating modest recovery and market stabilization following prior volatility.
Future trends to watch for:
- Continued recovery in market demand as economic conditions stabilize post-pandemic.
- Potential growth driven by increased consumer preference for synthetic fibers due to fashion trends and durability.
- Impact of regional economic factors and global supply chain influences on market dynamics.