The value per capita for men's and boys' underpants made of cotton in the Dominican Republic has progressively declined from $0.94 in 2013 to $0.67 in 2023. In 2023, this market indicator stood at $0.67. Notable is a consistent year-on-year decrease without exceptional fluctuations over the last two years, marked by -2.94% and -1.43% in 2022 and 2023, respectively. The compound annual growth rate (CAGR) for the last five years settled at around -2.59%, indicating a steady decrease. This trend suggests a mature decline or market shifts impacting consumer behavior or material preference.
Future trends to monitor include:
- Potential shifts toward alternative fabrics or eco-friendly materials, affecting cotton preference.
- Economic changes impacting consumer purchasing power in the region.
- Innovations in garment technology and production that could alter market dynamics.