The market for T-shirts made of materials other than cotton in Armenia has seen a consistent decline over the past decade, decreasing from $8.83 million in 2013 to $6.08 million in 2023. The most recent trend shows a continuous decrease, with the market contracting by about 4% both in 2022 and 2023. Over the past five years, the market displayed an annual average contraction (CAGR) of roughly 4%.
Future trends to watch for include potential market stabilization or growth due to increased consumer interest in sustainable and alternative materials. Market shifts could also occur from technological advancements and changes in consumer preferences towards non-cotton textiles.
