Key Market Indicators
The Maltese market for clothing accessories imports is projected to experience a significant downturn over the next five years. The value of imports is expected to drop from approximately $16,000 in 2023 to around $13,000 by 2028. This decline represents a compounded annual growth rate (CAGR) of -3.6%. Historical data indicates that the demand for these imports in Malta has been on a downward trajectory since 1999, with an average annual decrease of 5.3%. Despite this, the supply side tells a different story. Over the same period, the local supply of clothing accessories has surged by over 110% annually. These contrasting trends highlight a shifting landscape in the Maltese clothing accessories market, with increasing local production potentially offsetting declining import demand.
