The value per capita of men's and boys' cotton shirts in Uruguay decreased from $4.93 in 2013 to $3.27 in 2023, indicating a continuing decline. The year-on-year variations show a steady downward trend, with a decrease of about 2%-3% annually, except for slight increases in 2016 and 2018. The 5-year CAGR was negative, reflecting an ongoing drop in consumer spending on these items.
Future trends to watch for include the potential impact of economic recovery post-pandemic and sustainable fashion's growing influence. Additionally, shifts in consumer preferences towards online shopping and sustainable brands may influence market dynamics in the coming years.
