The market size for men's and boys' underpants made of cotton in Indonesia experienced fluctuations over the period of 2012 to 2022, with the value standing at USD 35.784 million in 2022. Year-on-year variations show that the market had both growth and decline phases. From 2012 to 2013, the market grew steadily by around 5%, followed by a significant dip in 2014. A further decline continued until 2015, but mild recovery efforts were noticeable from 2016 onwards. The CAGR over the last five years leading to 2022 was slightly negative at -0.56%, indicating a stagnant market without substantial growth or decline.
As of 2023, the market value is expected to remain stable, offering insights into market fluctuations and stability. Future trends to watch for include potential shifts towards sustainable materials, changing consumer preferences, and the impact of global supply chain dynamics on the cotton market. Monitoring these variables will be crucial for understanding upcoming opportunities and challenges in this sector.
