Between 2013 and 2023, the Finnish market for baby garments and accessories made of cotton showed a declining trend. From a peak of $15.05 per capita in 2013, the value steadily decreased to stand at $7.77 per capita in 2023. The last two years (2022 to 2023) saw a decline of 6.0% per annum, while the compound annual growth rate (CAGR) over the last five years (2019 to 2023) registered a decrease of approximately 3.7% per annum.
Future trends to watch for include:
- An increasing focus on sustainable and organic cotton garment production could impact future demand and pricing strategies.
- Enhanced e-commerce platforms might stimulate market growth by providing greater access to consumers.
- Potential recovery in per capita spending as the economy stabilizes and consumer confidence increases post-pandemic.
| # | 32 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 28.67 | 2023 | View data | ||
| 2 | 2 United Kingdom | 26.37 | 2023 | View data | ||
| 3 | 3 France | 25.45 | 2023 | View data | ||
| 4 | 4 Australia | 25.02 | 2023 | View data | ||
| 5 | 5 Denmark | 24.17 | 2023 | View data | ||
| 19 | 19 Slovenia | 11.35 | 2023 | View data | ||
| 20 | 20 Slovakia | 10.02 | 2023 | View data | ||
| 21 | 21 Finland | 7.77 | 2023 | |||
| 22 | 22 Estonia | 6.12 | 2023 | View data | ||
| 23 | 23 Norway | 6.02 | 2023 | View data | ||
