From 2013 to 2023, the Irish market for knitted or crocheted hosiery and footwear saw varied per capita expenditure, ending at 15.84 Euros in 2023. The sector demonstrated resilience with a solid growth from 11.9 Euros in 2013. Year-on-year growth from 2022 to 2023 was 4.55%. The most notable fluctuations occurred in 2015 and 2018. Over the past five years, the compound annual growth rate (CAGR) was 0.93%, underscoring steady demand but not an explosive increase.
Looking ahead, trends to watch include shifts towards sustainable materials, technological integration in manufacturing for enhanced comfort and style, and potential impacts from consumer preferences and economic conditions affecting discretionary spending.
