From 2013 to 2023, the market size for shawls, scarves, mufflers, mantillas, veils, and similar products in Spain experienced a steady decline. The market volume in 2023 was valued at 20.106 million. Over the last two years, notable year-on-year declines were observed, with 2022 seeing a -2.81% change and a further -2.83% change in 2023. The five-year compound annual growth rate (CAGR) is -4.03%, indicating a consistent downward trend.
Future trends to watch for include:
- Potential resurgence driven by increased focus on sustainable and eco-friendly materials.
- Opportunities in digital marketing and e-commerce platforms strengthening product reach.
- Demographic shifts possibly influencing fashion trends and demand in the market.