The market size for women and girls overcoats made of materials other than synthetic fibers, wool, and cotton in Malta has experienced a general declining trend from 2013 to 2023. In 2023, the market value was at 82.21 thousand US dollars. From 2013, the market saw a significant decrease with year-on-year changes frequently showing negative percentages, except for an uptick in 2017 and 2021. The last five years averaged an annual shrinkage of about 4.03% in value.
Looking ahead:
- Monitor emergence of sustainable materials that could revitalize interest.
- Stay alert to shifts in consumer preference towards eco-friendly products.
- Watch for potential economic recovery post-global disruptions affecting discretionary spending.