The market size of women and girls jackets and blazers made of cotton in Pakistan has shown a declining trend in value per capita, moving from $0.1 in 2013 to $0.068 in 2023. This represents an overall reduction of 32% over the decade. Over the last two years, the year-on-year decrease was 2.86% in 2022 and 2.86% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years is approximately -1.77%, highlighting a consistent decrease in per capita value.
Future trends to watch include:
- The impact of global cotton price fluctuations and their influence on consumer prices.
- Potential shifts in consumer preferences toward sustainable and ethical fashion leading to changes in demand.
- Economic factors and purchasing power within Pakistan, as these could affect discretionary spending on non-essential clothing items.