The market size value per capita for gloves, mittens, or mitts made of synthetic fibers in Portugal has shown a declining trend from $1.27 in 2013 to $0.76 in 2023. Specifically, between 2018 and 2023, the compound annual growth rate (CAGR) was negative, indicating an average annual reduction in market size value per capita during this period.

Recent trends indicate a slight recovery with a 15.28% increase from 2020 to 2021, but a decline resumed afterwards, with a 3.61% reduction from 2021 to 2022, and a further 3.80% from 2022 to 2023.

Future trends to watch for:

Potential market stabilization post-2023, as recent fluctuations hint at a possible bottoming out.
Impact of sustainable materials on synthetic fiber market share.
Global economic developments influencing consumer spending on non-essential apparel like gloves and mittens.