The market size value per capita for men's and boys' shirts made of synthetic fibers in Malta showed a slight upward trend from 2013 to 2023, rising from $0.57 to $0.74. Over the last two years, the year-on-year growth rate was marginal, with a 1.37% increase from 2021 to 2022 and leveling off in 2023. Calculating from 2018 to 2023, the compounded annual growth rate (CAGR) indicates an average annual growth of 0.55%, reflecting a period of modest expansion despite a dip in 2020 due to global disruptions.
Looking forward, potential trends to watch include the impact of sustainability practices on synthetic fiber production, shifts towards eco-friendly materials, and changes in consumer preferences driven by environmental consciousness that may shape the market dynamics in the coming years.
