The market size value for men's and boys' underpants made of synthetic fibers in New Zealand reached 14.544 million USD in 2023. Over the last two years, the market experienced steady growth with year-on-year increases of 3.17% in 2022 and 3.01% in 2023. The five-year compound annual growth rate (CAGR) was 2.29%, indicating modest but consistent growth. Notable fluctuations occurred during this period with a significant increase in 2021, reflecting a 24.51% rise from 2020 levels following a pandemic-induced setback.
Future trends to observe in this market include:
- Innovation in sustainable synthetic fibers to meet growing environmental concerns.
- Increased consumer demand driven by a preference for comfort and functionality.
- The influence of fashion trends and the growing popularity of e-commerce in shaping purchasing behavior.
