The UK market size value per capita for women and girls' jackets and blazers made of synthetic fibres exhibited a general declining trend from 2013 to 2020, reaching a low point in 2020 at $1.92 USD per capita. A significant aspect is the recovery observed from 2020 onwards, with a steady increase to $2.31 USD per capita in 2021, 2022, and maintaining the same in 2023.
Year-on-year variations show a recovery of about 20.3% from 2020 to 2021, with a stabilization trend from 2021 to 2023. The compound annual growth rate (CAGR) over the last five years reflects an average annual increase of 2%.
Future trends to watch for include:
- Technological advancements in synthetic fibres enhancing quality and appeal.
- Growing consumer preference for sustainable and ethical fashion, potentially impacting synthetic fiber demand.
- Economic factors influencing disposable income and fashion expenditure.
