The market for knitted or crocheted babies' garments and clothing accessories in Peru showed a positive trend over the past decade, reaching a value of 131.86 million USD in 2023. In the last two years, the market experienced modest growth with a year-on-year increase of 2.03% in 2023 and 2.11% in 2022. The market demonstrated an average annual growth rate (CAGR) of 2.68% over the last five years. The rebound from a significant dip in 2020 due to global disruptions indicates a resilient market.
Future trends to watch for:
- Increased demand for sustainable and eco-friendly baby garments.
- Rising consumer preference towards locally made and artisanal products.
- Expansion in online retailing increasing market accessibility.
- Potential for market growth driven by demographic shifts and improved economic conditions in Peru.
| # | 39 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 6,036,800,000 | 2023 | +1.64% | +0.24% | View data |
| 2 | 2 India | 2,394,200,000 | 2023 | +10.03% | +6.99% | View data |
| 3 | 3 United Kingdom | 2,053,600,000 | 2023 | -1.05% | -0.68% | View data |
| 4 | 4 France | 2,020,200,000 | 2023 | -0.27% | -0.62% | View data |
| 5 | 5 Germany | 1,759,500,000 | 2023 | +2.73% | +1.46% | View data |
| 22 | 22 Portugal | 159,840,000 | 2023 | -3.17% | -2.81% | View data |
| 23 | 23 Greece | 132,590,000 | 2023 | -2.39% | -2.2% | View data |
| 24 | 24 Peru | 131,860,000 | 2023 | +2.03% | +2.68% | |
| 25 | 25 New Zealand | 89,909,000 | 2023 | -2.92% | -3.59% | View data |
| 26 | 26 Norway | 87,973,000 | 2023 | -2.42% | -2.51% | View data |
