From 2013 to 2023, the market size value per capita for men's and boys' cotton shirts in Colombia decreased from $3.37 to $2.21, reflecting a steady decline over this timeframe. Specifically, in 2021 the market rebounded slightly by 3.13% from the 2020 dip. The compound annual growth rate (CAGR) over the last five years is approximately -2.79%, indicating a consistent downward trend.
Future trends to watch for include potential price adjustments due to economic changes, shifts in consumer preferences towards sustainable fashion, and increased competition from synthetic fiber-based products, which could influence the demand and market value per capita.
