The market for Men's or Boys' Shirts of Textile Fabric Not Knitted or Crocheted in Portugal stood at 89.379 million Euros in 2023. Over the past decade, the market experienced fluctuations with a notable increase from 2013 to 2017 and a decline starting from 2018. The year 2021 showed a temporary recovery, but subsequent years returned to a downward trend. Year-on-year, the market declined by 1.64% in 2023. Over a five-year period, the compound annual growth rate (CAGR) was -1.86%, indicating a gradual decrease in overall market size since 2018.
Future trends to watch for:
- Shifts towards sustainable and innovative fabric technologies as consumer preferences evolve.
- Potential market recovery influenced by economic conditions and consumer spending power post-pandemic.
- Digitalization of retail channels, impacting traditional buying patterns.
- Emerging influence of fast fashion brands on local market dynamics.
How does Portugal rank in Men's or Boys' Shirts of Textile Fabric Not Knitted or Crocheted Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 629,110,000 | 2023 | -1.16% | -0.89% | View data |
| 2 | 2 France | 557,020,000 | 2023 | -0.62% | -0.71% | View data |
| 3 | 3 Italy | 458,090,000 | 2023 | -0.43% | -0.54% | View data |
| 4 | 4 Germany | 457,200,000 | 2023 | -1.94% | -2.93% | View data |
| 5 | 5 Spain | 257,900,000 | 2023 | -6.04% | -4.4% | View data |
| 9 | 9 Belgium | 103,030,000 | 2023 | -1.64% | -2.31% | View data |
| 10 | 10 Ireland | 94,527,000 | 2023 | +4.79% | +1.29% | View data |
| 11 | 11 Portugal | 89,379,000 | 2023 | -1.64% | -1.86% | |
| 12 | 12 Sweden | 55,041,000 | 2023 | -5.26% | -2.37% | View data |
| 13 | 13 Finland | 36,771,000 | 2023 | -2.14% | -0.95% | View data |
