The per capita market size for women and girl blouses and shirts made of cotton in Armenia showed consistent growth from 2013 to 2023. In 2023, it reached a value of $0.67. Between 2021 and 2023, the market saw year-on-year increases of 3.1% and 3.1% respectively. The compound annual growth rate (CAGR) over the last five years was approximately 2.5%, indicating stable growth.
Future trends to watch for include:
- Potential impacts of economic conditions on consumer spending.
- Influence of fashion trends on demand for cotton apparel.
- Changes in global cotton prices affecting garment prices.
- Sustainability trends influencing consumer preferences for natural fibers like cotton.