The market size of men's and boys' underpants made of materials other than cotton, wool, or synthetic fibers in Lebanon reached $1.375 million USD in 2023. Over the ten-year period, the market experienced fluctuations with a noticeable dip in 2020, followed by a strong recovery. The year-on-year growth for 2023 was 2.84%, contributing to a CAGR of 3.15% over the last five years.
- In 2021, a significant recovery was observed with a 24.26% increase.
- Growth has been moderate yet consistent since then, with steady increases of around 3% annually.
Future trends to watch include potential impacts from economic conditions, consumer preferences for sustainable materials, and the possibility of introducing new non-traditional materials that can influence market dynamics. Monitoring these factors will be key to anticipating shifts in market behavior.
