The per capita market size value for men's and boys' cotton underpants in Cyprus has shown moderate variation from 2013 to 2023, starting at $3.67 in 2013 and reaching $4.08 in 2023. Over the past decade, the value has generally seen an upward trend, with some fluctuations, particularly an increase between 2015 and 2018. Notably, between 2022 and 2023, there was a slight decrease in the market, representing a trend of minor year-on-year declines observed in recent years.
- Between 2022 and 2023, there was a decline of approximately 0.49%.
- The compound annual growth rate (CAGR) over the last five years is around 0.75%.
Future trends to watch for include potential influences of global sustainability initiatives on cotton use, evolving fashion trends, and shifts in consumer preferences towards alternative materials. Monitoring market resilience against economic fluctuations in Cyprus can also provide insights.
