From 2013 to 2023, the T-shirts made of cotton market in Sri Lanka exhibited a declining trend in value per capita, moving from $12.81 to $10.19, marking a continuous decrease year on year. The year-on-year variations for 2022 to 2023 showed a decline of approximately 1.54%. The compound annual growth rate (CAGR) for the past five years (2018-2023) was approximately -1.75%, reflecting a steady decline in market value.
Future trends to watch for:
- Potential recovery driven by economic stabilization post-pandemic.
- Increasing interest in sustainable fashion, possibly benefiting cotton-based products.
- Exchange rate fluctuations impacting import/export dynamics.
| # | 41 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 118.82 | 2023 | View data | ||
| 2 | 2 Spain | 112.49 | 2023 | View data | ||
| 3 | 3 United Kingdom | 110.82 | 2023 | View data | ||
| 4 | 4 Australia | 99.44 | 2023 | View data | ||
| 5 | 5 Germany | 96.48 | 2023 | View data | ||
| 28 | 28 Costa Rica | 10.53 | 2023 | View data | ||
| 29 | 29 Namibia | 10.41 | 2023 | View data | ||
| 30 | 30 Sri Lanka | 10.19 | 2023 | |||
| 31 | 31 South Africa | 9.48 | 2023 | View data | ||
| 32 | 32 China | 9.46 | 2023 | View data | ||
