The men's and boys' shirts market made of synthetic fibers in Malta has shown a growth trajectory from 2013 to 2023, reaching a size of 373.15 thousand US dollars in 2023. Despite a downturn in 2020 with a decrease of 15.51%, the market rebounded sharply by 22.56% in 2021. The average annual growth rate over the past five years (CAGR) stands at 1.39%, indicating a modest upward trend with some fluctuations.
Future trends to watch for include:
- Further recovery and potential growth post-2023 driven by consumer preference for synthetic fibers.
- Increased demand for functional and sustainable synthetic materials in fashion.
- Potential shifts in market dynamics due to global supply chain influences and economic conditions.
