The cotton T-shirt market in Barbados has consistently grown over the past decade, with a per capita value reaching $25.32 in 2023. From 2013 to 2023, the market saw fluctuations but generally maintained an upward trend. Notably, from 2021 to 2023, the annual growth rates were 1.7% and 1.6%, respectively. Over the past five years, the compound annual growth rate (CAGR) stood at approximately 1.6%, highlighting steady growth in demand for cotton T-shirts.
Future trends to watch:
- Increasing consumer preference for sustainable and organic cotton.
- Impact of global cotton price fluctuations.
- Expansion of e-commerce platforms facilitating wider market reach.
- Potential regulatory changes impacting import tariffs and local production incentives.
| # | 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 | ||
| 24 | 24 Montenegro | 33.41 | 2023 | View data | ||
| 25 | 25 Uruguay | 32.08 | 2023 | View data | ||
| 26 | 26 Barbados | 25.32 | 2023 | |||
| 27 | 27 Mexico | 11.22 | 2023 | View data | ||
| 28 | 28 Costa Rica | 10.53 | 2023 | View data | ||
