The market size for T-shirts made of cotton in Sri Lanka was valued at $226.83 million in 2023. This market has shown a consistent downward trend, with a significant year-on-year decline of -0.94% in 2023. Over the last two years, the market contracted by approximately 1% annually, while the five-year Compound Annual Growth Rate (CAGR) reflects a similar trend at -0.79%. The long-term trend indicates a steady decrease, signaling potential shifts in consumer preferences or market dynamics.
Looking forward, future trends to watch for include changes in global cotton prices, shifts toward sustainable and organic cotton, as well as broader economic conditions in Sri Lanka that might impact consumer spending power and preferences for cotton T-shirts.
How does Sri Lanka rank in T-Shirts Made of Cotton Market Size Value?
| # | 45 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 29,853,000,000 | 2023 | +0.58% | +0.29% | View data |
| 2 | 2 China | 13,297,000,000 | 2023 | +2.23% | +2.46% | View data |
| 3 | 3 United Kingdom | 7,492,800,000 | 2023 | +0.49% | +0.93% | View data |
| 4 | 4 Germany | 7,415,300,000 | 2023 | -2.06% | -3.07% | View data |
| 5 | 5 Japan | 6,158,900,000 | 2023 | -1.79% | -0.83% | View data |
| 27 | 27 Singapore | 244,360,000 | 2023 | +1.12% | +0.91% | View data |
| 28 | 28 Finland | 232,160,000 | 2023 | -3.59% | -2.68% | View data |
| 29 | 29 Sri Lanka | 226,830,000 | 2023 | -0.94% | -0.79% | |
| 30 | 30 Slovakia | 213,180,000 | 2023 | -1.05% | -2.62% | View data |
| 31 | 31 Ireland | 195,590,000 | 2023 | -8.64% | -6.32% | View data |
