Between 2013 and 2023, the market for shawls, scarves, mufflers, mantillas, veils, and similar silk products in Germany saw a decline in per capita volume. It started at 0.03 in 2013 and was at 0.011 by 2023. Year-on-year variations show a mostly downward trend, with values stabilizing slightly in the last two years. The compound annual growth rate (CAGR) over the last five years shows an average decline of 9.7% per year.
Future trends to watch:
- Influence of sustainable and ethical fashion on consumer preferences.
- Potential market recovery influenced by the resurgence of traditional fashion trends.
- Impact of global economic conditions on luxury product demand.