The Irish market for babies' garments and clothing accessories knitted or crocheted has seen fluctuations over the recent decade. In 2023, the market size stood at $85.97 million. Historically, there was growth until 2014, followed by a declining trend from 2015 onward, experiencing brief recoveries in 2018 and 2020. Over the last five years, the compound annual growth rate (CAGR) was negative, at -5.14%, indicating a shrinking market. The last two years alone saw further contractions with decreases of 4.58% and 4.75% year-on-year in 2022 and 2023, respectively.
Looking ahead, it will be crucial to monitor shifts in consumer preferences, sustainability trends within the textile industry, and the impact of economic conditions on discretionary spending in Ireland. Additionally, examining innovations in fabric technology and e-commerce penetration could offer insights into future growth potentials for this segment.
| # | 39 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 6,036,800,000 | 2023 | +1.64% | +0.24% | View data |
| 2 | 2 India | 2,394,200,000 | 2023 | +10.03% | +6.99% | View data |
| 3 | 3 United Kingdom | 2,053,600,000 | 2023 | -1.05% | -0.68% | View data |
| 4 | 4 France | 2,020,200,000 | 2023 | -0.27% | -0.62% | View data |
| 5 | 5 Germany | 1,759,500,000 | 2023 | +2.73% | +1.46% | View data |
| 25 | 25 New Zealand | 89,909,000 | 2023 | -2.92% | -3.59% | View data |
| 26 | 26 Norway | 87,973,000 | 2023 | -2.42% | -2.51% | View data |
| 27 | 27 Ireland | 85,970,000 | 2023 | -4.75% | -5.14% | |
| 28 | 28 Colombia | 76,238,000 | 2023 | -0.89% | -2.08% | View data |
| 29 | 29 Slovakia | 61,017,000 | 2023 | +1.36% | -1.69% | View data |
