The per capita market size value of women's and girls' overcoats made of cotton in Malta has shown a declining trend from 2013 to 2023. Starting at $0.93 in 2013, the value progressively decreased to $0.73 by 2023. The most noticeable decline occurred between 2013 and 2015. In recent years, from 2021 to 2023, there has been a slight annual decrease of around 1.33%, while the compound annual growth rate (CAGR) over the last five years is approximately -1.5%.
Future trends to watch:
- Increased focus on sustainable fashion could influence material choices and affect cotton overcoat demand.
- Fluctuations in cotton prices and economic conditions could further impact market dynamics.
- Shifts in consumer fashion preferences and climate considerations may alter long-term demand.