The UK hosiery market made of synthetic fibres experienced varied growth from 2013 to 2023. The per capita market size value reached $8.02 in 2023, reflecting gradual growth since 2020. Notable fluctuations included a 20.42% drop in 2020, followed by recovery periods, recently increasing 0.88% from 2022 to 2023. The CAGR over the last five years stood at approximately 1.10%, indicating a modest upward trend since 2018.
Future trends to watch for include:
- Consumer preference shifts towards sustainable materials impacting synthetic hosiery demand.
- Technological advancements in synthetic fibre manufacturing enhancing product quality and appeal.
- Economic factors influencing disposable income and non-essential spending, potentially affecting market dynamics.