From 2013 to 2023, the market for women's and girls' cotton skirts in Croatia experienced a significant downward shift, starting at 2.211 million USD in 2013 and reaching 1.5858 million USD in 2023. The market saw fluctuations with a peak in 2016, but the trend remained downward with a negative compound annual growth rate (CAGR) of -1.75% over the last five years. The year-on-year variations over the last two years were consistently negative, reflecting a steady decline.
Future trends to watch for:
- Potential recovery driven by changing consumer preferences and sustainable fashion trends emphasizing natural fibers like cotton.
- Economic factors, such as consumer spending power and inflation, could also impact the market trajectory.
- Innovations in textile technology and e-commerce expansion might provide new growth opportunities.