The cotton T-shirt market in Cyprus reached a value of 52.526 million USD in 2023. Between 2013 and 2018, the market displayed notable recovery, with consistent growth reaching a peak in 2019. However, post-2019, the market experienced a mild declining trend, as evidenced by consecutive year-on-year contractions from 2020 through 2023. The compound annual growth rate (CAGR) over the last five years reflects a slight negative trend, stabilizing at -0.53%.
Future trends to watch include:
- Potential fluctuations in global cotton prices, affecting local market dynamics.
- Consumer preference shifts towards sustainable and eco-friendly materials.
- Impact of digitalization in retail, influencing customer purchasing behavior.
How does Cyprus 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 |
| 34 | 34 Slovenia | 106,740,000 | 2023 | -1.23% | -2.86% | View data |
| 35 | 35 Costa Rica | 54,085,000 | 2023 | +0.62% | +0.16% | View data |
| 36 | 36 Cyprus | 52,526,000 | 2023 | -0.88% | -0.53% | |
| 37 | 37 Namibia | 26,970,000 | 2023 | +0.9% | +0.41% | View data |
| 38 | 38 Montenegro | 20,260,000 | 2023 | +2.36% | +1.94% | View data |
