The per capita value of the cotton hosiery market in Montenegro has shown a steady upward trend from 2013 to 2023, increasing from $3.81 to $5.10. Over the last two years (2022-2023), the market experienced an increase of 1.8% and 1.8%, respectively. The CAGR over the past five years (2018-2023) stands at approximately 2.1%, indicating consistent growth dynamics.
Future trends to watch for include:
- Potential shifts towards sustainable and eco-friendly cotton products.
- Increased demand driven by rising fashion awareness.
- Impact of global supply chain challenges.
