The market for knitted or crocheted shawls, scarves, mufflers, mantillas, and veils in Germany has shown a downward trajectory over the past decade. From 2013 to 2023, the per capita value decreased from 1.46 Euros to 0.79 Euros, indicating a consistent decline in demand or spending power. Specifically, the recent two-year period reflected marginal fluctuations, with a year-on-year variation of approximately -8% from 2022 to 2023. Over the last five years (2018-2023), the market experienced a compound annual growth rate (CAGR) decline of about -5%.
Future trends in this market might focus on sustainability and innovation in textiles, which could reinvigorate consumer interest. Additionally, shifting consumer preferences towards versatile, multi-functional, and eco-friendly accessories may present growth opportunities. Ongoing monitoring of fashion trends and economic recovery post-pandemic will also be crucial to anticipate market movements.
