The market for baby garments and accessories made of synthetic fibers in Sri Lanka demonstrated varied trends from 2013 to 2023, reaching a value of 7.1717 million US dollars by 2023. Initially, there was a gradual increase in value which peaked in 2017. However, a decline followed from 2018 to 2020, with the market experiencing a significant downturn, largely due to external economic pressures. Recovery began in 2021, but growth stabilized towards 2023. The last five years have shown a negative compound annual growth rate (CAGR) of -0.26%, highlighting market volatility during this period.
Futuristic trends to monitor include:
- Growth of online retailing which can broaden consumer reach.
- The rising demand for eco-friendly and sustainable synthetic fibers.
- Influence of evolving fashion trends and consumer preferences on synthetic fabric choices.
- Potential disruptions or opportunities from global supply chain dynamics.
How does Sri Lanka rank in Baby Garments and Accessories Made of Synthetic Fibres Market Size Value?
| # | 21 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 316,600,000 | 2023 | -0.17% | -0.067% | View data |
| 2 | 2 France | 229,420,000 | 2023 | +2.64% | +2.04% | View data |
| 3 | 3 United Kingdom | 205,590,000 | 2023 | -0.49% | +1.31% | View data |
| 4 | 4 Spain | 190,420,000 | 2023 | +2.02% | +1.62% | View data |
| 5 | 5 Germany | 149,880,000 | 2023 | +4.81% | -0.58% | View data |
| 14 | 14 Austria | 9,384,900 | 2023 | -12.65% | -10.87% | View data |
| 15 | 15 Colombia | 8,680,200 | 2023 | -1.88% | -2.73% | View data |
| 16 | 16 Sri Lanka | 7,171,700 | 2023 | +0.83% | -0.26% | |
| 17 | 17 Hungary | 4,233,800 | 2023 | +2.77% | +3.04% | View data |
| 18 | 18 Finland | 4,102,400 | 2023 | -1.31% | -1.08% | View data |
