The market size value per capita for men's and boys' jackets and blazers made of synthetic fibers in Guatemala showed a downward trend from 2013 to 2023, starting at $0.078 in 2013 and reaching $0.049 by 2023. The year-on-year variance reveals fluctuations but largely continues to exhibit a decline. Over the past two years, the market fell circa 1.96% from 2021 to 2023. The compound annual growth rate (CAGR) from 2018 to 2023 indicates an average annual decrease of approximately 2.12%.
Trends to watch for include:
- Increased sustainability efforts affecting synthetic fiber choices.
- Rising demand for affordable fashion could boost synthetic fiber usage.
- Evolving consumer preferences towards casual wear post-pandemic.
