The market size for men's and boys' cotton shirts in Colombia experienced a decreasing trend from 2013 to 2023, declining from $156.8 million to $113.53 million. The market showed fluctuations with a brief recovery in 2021 but continued to decline again in 2022 and 2023. The past two years saw a near-consistent decline of around 1.36% year-on-year. Over the last five years, the compounded annual growth rate (CAGR) averaged at a negative 1.13%, reflecting a challenging environment for this market segment.
Future trends to watch for include a potential stabilization or rebound in demand influenced by economic recovery, changing fashion trends, and consumer preferences for sustainable products, potentially invigorating interest in cotton materials.
