In 2023, the sold production of ties, bow ties, and cravats of silk or silk waste in France stood at 14.423 million Euros. The forecast from 2024 to 2028 indicates a steady decline, with the value dropping from 14.423 million Euros in 2024 to 13.153 million Euros in 2028. This represents a cumulative yearly decrease reflecting a negative trend in this segment. The year-on-year percentage change shows consistent negative growth, with the average annual variation over the five-year period (CAGR) also suggesting a decrease in market interest or shifts in consumer preference.
Future trends to watch for include potential impacts from sustainable fashion movements, which might shift consumer preferences away from traditional silk products, as well as economic factors affecting consumer disposable income and spending on luxury fashion accessories.
