From 2013 to 2023, the market size value per capita for men's and boys' trousers and shorts made of cotton in Australia consistently increased, rising from $7 to $12.66. The most recent two years witnessed a rise from $12.25 in 2022 to $12.66 in 2023, indicating a year-on-year growth rate of approximately 3.3%. Over the last five years, the compound annual growth rate (CAGR) was about 4.3%, showcasing a robust upward trend.
Future trends to watch include:
- Shifting consumer preferences towards sustainable and ethically produced cotton garments.
- Impacts of global supply chain fluctuations on the cotton market.
- Potential shifts in fashion trends post-pandemic affecting demand.