From 2013 to 2023, the per capita value of cotton hosiery in Chile saw a consistent decline. The year 2023 stands at $11.71, down 23.1% from a peak of $15.24 in 2013. In the last two years, the year-on-year decline was 0.8% in 2022 and 0.85% in 2023.

The compound annual growth rate (CAGR) over the past five years illustrates a marginal downward trend at 0.56% per year. Given this pattern, trends to consider for future analysis include:

Potential market stabilization around the 2023 level.
Influence of sustainable fashion trends and consumer preferences for eco-friendly materials.
Economic factors in Chile that could affect consumer purchasing power.