From 2013 to 2023, Spain's per capita value for shawls, scarves, mufflers, mantillas, veils, and similar items made from silk or silk waste fluctuated significantly. By 2023, the value was at 0.39 euros per capita. Over the last two years, from 2021 to 2023, the value experienced a minimal decline of 2.5%, showing a relatively stable market. The Compound Annual Growth Rate (CAGR) over the past five years (2019-2023) was approximately -0.25%, indicating a slight downtrend in per capita value over this period.
Future trends to watch for include:
- The growing emphasis on sustainable and ethical fashion, which could alter demand for traditional silk items.
- Potential shifts in consumer preferences towards more versatile and multifunctional fashion accessories.
- The impact of digitalization and e-commerce on consumer access and market expansion for luxury silk accessories.