From 2013 to 2023, the UK's women and girls skirts made of cotton market saw a notable decline in per capita value, dropping from $1.78 in 2013 to $0.95 in 2023. The period between 2016 and 2023 marked a consistent downward trend, with significant declines in 2016 (-19.67%) and 2018 (-20.30%). The latest years, 2022 to 2023, saw a decrease of 5%. The overall compound annual growth rate (CAGR) for the last five years (2018-2023) was negative.
Future trends to watch for:
- Potential shifts in consumer preferences towards eco-friendly and sustainable fashion which could impact cotton skirt demand.
- Economic factors or changing fashion trends potentially influencing market dynamics in the coming years.
- Innovations in fabric technology that could revive interest in cotton skirts.