From 2013 to 2023, Norway's market for men's and boys' underpants made of synthetic fibers exhibits a declining trend, dropping from $3.26 to $2.5. Year-on-year variations indicate fluctuating changes: 2022 to 2023 fell by 3.1%, while 2021 to 2022 saw a decrease of 2.6%. Over the last five years (2018-2023), the compound annual growth rate (CAGR) was a decline of 3.4% per year.
Looking forward, the market may stabilize as consumer preferences shift towards sustainable and ethically-produced materials. Additionally, technological advancements in synthetic fibers and eco-friendly production processes could drive future demand.
