The market size value per capita for men's and boys' trousers and shorts made of cotton in Japan increased from $4.32 in 2013 to $8.64 in 2023. The year-on-year growth rates show stable growth, particularly from 2021 to 2023, showing a 6.3% increase over the past two years. The compound annual growth rate (CAGR) over the past five years (2018 to 2023) averages approximately 2.7% per year, indicating a consistent upward trend.
Forecasts for 2024 suggest continued growth, driven by factors such as rising fashion trends and increasing consumer spending power. Watch for potential supply chain effects, innovation in sustainable fabrics, and the influence of online retail penetration.
