The T-shirt market made of cotton in Guyana has seen a continuous decline in value from 2013 to 2023. In 2023, the market is valued at 1.5091 million US dollars. Over the past decade, the market’s growth has been hampered by declining Year-on-Year percentages, particularly from 2015 onward, with significant drops seen in 2015, 2016, 2021, and 2023. Over the past five years, the compound annual growth rate (CAGR) has averaged -3.31%, indicating a persistent decrease.
Future trends to watch:
- Potential shifts towards eco-friendly and sustainable fashion, which could impact the demand for cotton T-shirts.
- Emerging market players may innovate with local sustainable materials or practices.
- Changes in consumer behavior and preferences, especially among younger demographics.
How does Guyana 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 |
| 43 | 43 Uganda | 7,980,300 | 2023 | +1.09% | +1.11% | View data |
| 44 | 44 Barbados | 7,288,400 | 2023 | +1.66% | +1.5% | View data |
| 45 | 45 Guyana | 1,509,100 | 2023 | -3.63% | -3.31% | |
