The market for women's and girls' trousers and shorts made of wool in China experienced significant growth from 2013 to 2023, valued at approximately 89.864 million USD in 2023. Starting from a strong growth phase in the early years, the market observed a peak year-on-year growth of 22.34% in 2014, then gradually settled to more moderate growth rates, with the most recent year recording a 4.05% increase. The compound annual growth rate (CAGR) over the past five years stands at 4.63%. This indicates a stabilization phase following earlier rapid expansion.
Future trends to watch for include:
- Continued demand for sustainable and eco-friendly fashion options, which could further influence wool product popularity.
- Impact of China's economic policies on consumer spending, particularly in discretionary fashion items.
- Potential technological advancements in wool processing that may enhance product appeal and market growth.