The market size value per capita for women and girls' cotton skirts in Australia showed a declining trend from 2013 to 2023. In 2023, it stood at $0.86, indicating a continuous decrease from $1.79 in 2013. Year-on-year reductions were notable, especially from 2018 to 2023, with declines ranging from 2.2% to 4.4%. The compound annual growth rate (CAGR) over the past five years reflects an average annual decrease of approximately 2.6%.
Future trends to watch for:
- Sustainability and eco-friendly fashion might drive a resurgence in cotton skirt demand.
- Influences from global fashion trends and economic conditions could alter consumer preferences.
- Innovation in textile technology could enhance the appeal of cotton garments.