The market size value for men's and boys' shirts made of cotton in Indonesia stood at $209.58 million in 2023. Over the past decade, the market has experienced fluctuations with both growth and decline. Year-on-year growth varied significantly, from a high of 10.51% in 2016 to a low of -10.1% in 2014. Over the last five years (2018-2023), the CAGR stands at 0.33%, indicating modest average annual growth.
Future trends to watch for include:
- Increasing consumer preference for sustainable and organic cotton apparel.
- Potential impacts of economic changes on consumer spending and apparel demand.
- Technological advancements in textile production and e-commerce growth influencing market dynamics.