From 2013 to 2023, Chile’s per capita market value for shawls, scarves, and veils decreased to $1.16. The market saw growth from 2013 to 2014, then gradually declined after 2015, with 2020 marking a significant drop. A modest recovery began in 2021 but plateaued by 2023. The 2023 value represents a 1.67% decrease from 2022 and a 3.3% drop compared to 2021. Over the last five years, the compound annual growth rate (CAGR) was roughly -1.72%, underscoring a declining trend.
Future trends to watch for include:
- The influence of economic conditions on consumer spending.
- Potential increases in fashion and textile innovation.
- Growing popularity of sustainable and eco-friendly products.
