From 2013 to 2023, the market size value per capita for women and girl briefs and panties made of cotton in Indonesia ranged from USD 0.14 to USD 0.23. In 2023, it stood at USD 0.23. Consistent growth is observed, notably from 0.16 in 2016 to 0.21 in 2017, followed by stable increases, reaching 0.23 in 2022 and maintaining this value into 2023.
Observed year-on-year variations indicate improved market performance, with notable increases recently, as shown between 2022 and 2023 by 4.35%. The compound annual growth rate (CAGR) over the past five years demonstrates an average annual rise of approximately 3.46%.
Future trends to watch include:
- Changes in consumer behavior influenced by economic conditions.
- Increasing interest in sustainable and locally-produced goods.
- Potential impacts of inflation or shifts in consumer spending power.
