The T-Shirt market made of cotton in Aruba has experienced a declining trend in value per capita from 2013 to 2023, with a notable decrease from $123.91 in 2013 to $78.45 in 2023. Over the last two years, the per capita value decline has slowed, with a decrease of 3.1% from 2021 to 2022 and 2.86% from 2022 to 2023. Over the past five years, the compound annual growth rate (CAGR) indicates an average yearly decline of approximately 1.28%.
Looking forward, future trends to watch for include shifts in consumer preferences towards sustainable materials, potential increases in tourism which might impact sales, and the influence of economic fluctuations on consumer spending power in Aruba.
