The market size value of t-shirts made of cotton in Indonesia in 2023 stood at 876.95 million US dollars, marking a year-on-year growth of 2.45%. Over the past decade, the market exhibited significant expansion, experiencing notable peaks and troughs, particularly marked by substantial growth in 2014 (19.23%) and 2017 (15.2%). The past five years have shown more moderate growth, with a 5-year CAGR of 1.81%.
Looking towards the future, the forecast indicates a continuation of modest growth, projected at a 5-year CAGR of 1.85%, culminating in a market size of approximately 986.38 million US dollars by 2028. Trends over the next few years suggest a steady increase, although not as sharp as the early years of the past decade, with an overall 5-year growth rate of 9.6%.
Future trends to watch for include advancements in sustainable cotton production, shifts in consumer preferences towards eco-friendly products, and the potential impacts of international trade policies on the Indonesian market. Additionally, technological innovations in textile manufacturing and e-commerce growth may serve as critical drivers for market expansion.
