From 2013 to 2023, the market volume for shawls, scarves, mufflers, mantillas, veils, and similar items, excluding those of silk or silk waste, in Finland, showed a consistent declining trend, ending at 1.6623 million units in 2023. The market contracted annually, with a momentary increase of 2.93% in 2019, but a sharp 20.85% drop in 2020. Following a subsequent recovery in 2021 with a 16% increase, the past two years reflected a downtrend, with year's declines of 3.79% and 3.86%, respectively. The compounded annual growth rate over the last five years was approximately -2.65%.
Future trends to watch for include:
- The impact of sustainable and eco-friendly fashion trends, which may encourage repossession and limited-market re-expansion.
- Technological enhancements in textile production might allow better visibility and unique value propositions.
- Changes in seasonal demand patterns due to climate variations and sociocultural evolutions.