Key Market Indicators
Armenian Clothing Accessories Imports Projected to Decline to $26,700 by 2028 YEREVAN—Armenia's import of clothing accessories is expected to see a significant decline over the next five years. Projections indicate that imports will drop from approximately $37,800 in 2023 to around $26,700 by 2028. This represents an average annual decrease of 5.5%. This anticipated downturn comes despite a historical upward trend in demand. Since 2002, Armenian demand for clothing accessories has increased by an average of 2% annually. The projected decline raises questions about underlying market dynamics and potential shifts in consumer behavior or economic conditions that may be driving this trend.
