Between 2013 and 2023, the hosiery made of synthetic fibres market size value per capita in Cyprus noted a consistent downward trend, decreasing from $2.09 to $1.38. This represents a significant decline over the decade, with the exceptions being slowed decreases in 2021 and 2022.
Notably, the year-on-year variations showed minor fluctuations: from 2022 to 2023, the value dropped by 2.8%. Over the past five years (2018-2023), the compound annual growth rate (CAGR) exhibited an average decline of approximately 1.3% per year.
Future trends to watch include potential impacts of economic recovery and changes in consumer preferences post-COVID-19, which may stabilize or further influence market dynamics.
