Between 2013 and 2023, the market for Shawls, Scarves, Mufflers, Mantillas, Veils, and similar products, excluding those made of silk or silk waste in Estonia, has exhibited fluctuations. The year-on-year variation peaked at 30.71% in 2014, with a consistent decline from 2017 to 2021, reaching a low of -14.46% in 2020. However, a recovery began in 2022, showing positive growth. By 2023, this market reached a value of 2.071 million euros, with a compound annual growth rate (CAGR) over the last five years of -0.28%.
Future trends to watch:
- Influences of sustainable fashion and local craftsmanship on product demand.
- Impact of e-commerce growth on market distribution and accessibility.
- Potential effects of economic conditions and tourism on market expansions.
