The forecasted data for average expenditure per household on women's and girls' accessories in Canada indicates a gradual decline. Starting from $89.45 in 2024, the expenditure decreases to $87.03 by 2028. This trend shows a compound annual growth rate (CAGR) of approximately -0.69%. The year-on-year decrease of about 0.69% yearly is consistent from 2025 to 2028.
Future trends to watch for:
- Shifts in consumer preferences towards sustainable fashion could impact spending patterns.
- The influence of e-commerce growth might affect traditional accessory purchases.
- Macro-economic factors, such as inflation or changes in disposable income, could further impact expenditure levels.