The per capita market size value for men's and boys' cotton shirts in Ireland decreased from $12 in 2013 to $10.11 in 2023. This represents a decline of approximately 15.8% over the decade. The market showed fluctuations with a significant drop seen from 2013 to 2016, but remained relatively stable at around $10.10-$10.20 between 2018 and 2023. The Year-on-Year variation from 2021 to 2023 showed a minor decline, indicating a stabilization compared to earlier years. The Compound Annual Growth Rate (CAGR) over the last five years highlights an average annual decrease of about 0.65%.
Future trends to watch for:
- Potential recovery driven by shifts in fashion trends post-pandemic.
- Impact of environmental concerns and sustainable fashion on consumer choices.
- Increased digital transformation and e-commerce penetration influencing buying behavior.