The market size value per capita for hosiery made of synthetic fibres in New Zealand has shown steady growth from 2013 to 2023, reaching $8.81 by the latter year. After a decline in 2020 with a value of $6.99, likely due to the COVID-19 pandemic, the market bounced back with strong growth in 2021 and continued rising until 2023. From 2022 to 2023, there was a year-on-year increase of 1.5%, and the compound annual growth rate (CAGR) for the past five years (2018-2023) is approximately 1.53%.

Future trends to watch for:

Potential impact of changing consumer preferences favoring sustainability, which might shift demand from synthetic fibres to more environmentally friendly alternatives.
Emerging technologies or materials affecting the market landscape and competitiveness.
Ongoing economic factors or global market conditions influencing consumer purchasing power.