From 2013 to 2023, the Women and Girl Blouses and Shirts Made of Cotton market in New Zealand showed a declining trend in per capita value, reducing from $4.18 to $3.10. Specifically, between 2022 and 2023, the market saw a decrease of approximately 1.6% due to ongoing trends. Over the last 5 years, from 2018 to 2023, the compound annual growth rate (CAGR) indicated an average annual decline of around 2.0%. The downward trend suggests a consistent reduction in expenditure per individual over time on these garments.
Future trends to watch include:
- Potential shifts towards sustainable and eco-friendly fabrics that could affect cotton's market share.
- Increasing competition from synthetic or alternative fibers influencing consumer preferences.
- The impact of global economic conditions on consumer disposable income and spending habits.
