The baby garments and accessories market made of cotton in Colombia has shown a declining trend in per capita value from 2013 to 2023, with a notable drop from $1.69 in 2013 to $1.28 in 2023. Key observed decreases include a significant year-on-year dip of 14.5% from 2015 to 2016 and a 17.6% reduction from 2019 to 2020. Despite a slight recovery post-2020, the 5-year compound annual growth rate (CAGR) remains negative at approximately -1.96% annually, reflecting persistent market challenges.
Looking forward, trends to watch include potential growth spurred by increased sustainability preferences targeting cotton usage, evolving fashion trends impacting demand, and demographic shifts like declining birth rates, which could further influence market dynamics.
| # | 32 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 28.67 | 2023 | View data | ||
| 2 | 2 United Kingdom | 26.37 | 2023 | View data | ||
| 3 | 3 France | 25.45 | 2023 | View data | ||
| 4 | 4 Australia | 25.02 | 2023 | View data | ||
| 5 | 5 Denmark | 24.17 | 2023 | View data | ||
| 28 | 28 Mexico | 1.49 | 2023 | View data | ||
| 29 | 29 India | 1.29 | 2023 | View data | ||
| 30 | 30 Colombia | 1.28 | 2023 | |||
| 31 | 31 Morocco | 0.77 | 2023 | View data | ||
| 32 | 32 Tunisia | 0.35 | 2023 | View data | ||
