From 2013 to 2023, the market for women and girls swimwear made of synthetic fibers in Guatemala grew from 1.95 million USD to 3.82 million USD. A significant year-on-year growth was observed in 2015 and 2021, at 28.1% and 24.27% respectively, while a notable decline occurred in 2020 with a year-on-year decrease of 14.25%. The Compound Annual Growth Rate (CAGR) over the last five years was 3.16%, indicating a consistent upward trend in recent years, despite fluctuations.
Future trends to watch for:
- Increased demand for eco-friendly and sustainable swimwear options.
- Innovations in synthetic fiber technologies improving comfort and durability.
- Rising popularity of versatile swimwear styles suitable for both leisure and sport.
- Impact of online retail growth on purchasing patterns in swimwear.