From 2013 to 2023, the T-Shirts Made of Cotton market in Guyana has shown a declining value per capita from $2.81 to $2.07 USD, illustrating a steady decrease each year. This 15-year trend reveals a consistent contraction in market expenditure per individual. Notably, between 2021 and 2023, the market experienced an accelerated decline with a year-on-year reduction of approximately 3.6% in 2022 and 1.9% in 2023. Evaluating the last five years, the market depicts a compound annual growth rate (CAGR) of around -1.5%, demonstrating a persistent decrease in market engagement.
Future trends to watch for include:
- The impact of economic developments in Guyana, potentially altering consumer spending habits.
- Environmental and ethical considerations that could shift demand toward more sustainable clothing materials.
- Technological advancements in textile production that might influence market pricing and consumer choices.
| # | 41 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 118.82 | 2023 | View data | ||
| 2 | 2 Spain | 112.49 | 2023 | View data | ||
| 3 | 3 United Kingdom | 110.82 | 2023 | View data | ||
| 4 | 4 Australia | 99.44 | 2023 | View data | ||
| 5 | 5 Germany | 96.48 | 2023 | View data | ||
| 37 | 37 India | 3.01 | 2023 | View data | ||
| 38 | 38 Jamaica | 2.89 | 2023 | View data | ||
| 39 | 39 Guyana | 2.07 | 2023 | |||
| 40 | 40 Honduras | 1.72 | 2023 | View data | ||
| 41 | 41 Bolivia | 1.1 | 2023 | View data | ||
