Analyzing the T-Shirts Made of Cotton market in Belgium from 2012 to 2022 reveals a fluctuating trend, with significant dips and recoveries. The market value decreased from $1.6049 billion in 2012 to $1.4825 billion in 2022, reflecting an overall downward trend. Notable declines occurred in 2015, with a year-on-year decrease of 21.62%, and a significant recovery in 2018 with a 13.06% increase. The market value stabilized from 2019 to 2022 with minimal declines, averaging around -0.21% year-on-year. The Compound Annual Growth Rate (CAGR) over the last five years remained relatively low at 1.35%, indicating a slow growth phase.
Future trends to watch for include:
- Increased consumer preference for sustainable and ethically produced cotton.
- Technological advancements in textile manufacturing improving quality and reducing costs.
- Potential volatility due to global economic conditions impacting disposable income and spending patterns.
| # | 45 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 29,853,000,000 | 2023 | +0.58% | +0.29% | View data |
| 2 | 2 China | 13,297,000,000 | 2023 | +2.23% | +2.46% | View data |
| 3 | 3 United Kingdom | 7,492,800,000 | 2023 | +0.49% | +0.93% | View data |
| 4 | 4 Germany | 7,415,300,000 | 2023 | -2.06% | -3.07% | View data |
| 5 | 5 Japan | 6,158,900,000 | 2023 | -1.79% | -0.83% | View data |
| 12 | 12 Canada | 1,823,900,000 | 2023 | +0.4% | +1% | View data |
| 13 | 13 Russia | 1,657,800,000 | 2023 | -0.84% | -0.72% | View data |
| 14 | 14 Belgium | 1,479,500,000 | 2023 | -0.2% | -1.14% | |
| 15 | 15 Mexico | 1,471,400,000 | 2023 | +0.44% | +0.96% | View data |
| 16 | 16 Pakistan | 910,370,000 | 2023 | +0.82% | +1.2% | View data |
