The market size value per capita for men's and boys' trousers and shorts made of cotton in Singapore has shown a steady increase from 2013 to 2023, reaching $11.49 in 2023. The year-on-year growth from 2021 to 2022 was approximately 3.84%, and from 2022 to 2023 was approximately 3.61%. The compound annual growth rate (CAGR) from 2018 to 2023 is approximately 3.97%, indicating a consistent upward trend over the past five years.
Future trends to watch for include:
- Increasing consumer preference for sustainable and eco-friendly products, possibly impacting material sourcing and production processes.
- The potential impact of economic conditions and consumer confidence on discretionary spending.
- Growth in e-commerce channels providing wider access and driving market expansion.