The market size value per capita for T-shirts made of materials other than cotton in Armenia has seen a general decline over the past decade, decreasing from $3.05 in 2013 to $2.03 in 2023. The recent two-year analysis reveals a year-on-year decrease: -4.07% between 2021 and 2022, and -4.25% between 2022 and 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at -4.18%, signifying a steady contraction in consumer spending on these materials.

Future trends to watch for:

Growing awareness for eco-friendly materials might shift consumer preferences towards sustainable, non-cotton fabrics.
Innovations in textile technology may introduce new materials, potentially revitalizing market interest.
Potential economic improvements could increase disposable income, possibly stabilizing or reversing the current trend.