In New Zealand, the per capita market value of women and girls' skirts made of cotton has experienced a steady decline from 2013 to 2023. The value in 2023 stands at USD 0.64 per capita. This represents a cumulative annual decline of approximately 6.11% since 2013, with a significant negative variation year-on-year in the recent two years, specifically a 4% drop from 2021 to 2022, and another 3% descent from 2022 to 2023. The CAGR for the period from 2018 to 2023 reflects an average annual decrease of 3.85%.
Going forward, trends to watch include a potential pivot towards sustainably sourced and ethically manufactured skirts, as global awareness on environmental and social issues rise. Innovation in textile technology and shifts in fashion preferences could also influence market dynamics. Adjustments in local economic conditions, consumer spending, and global trade policies might further impact this segment.
