Market Insights Consumer Apparel Women's Apparel

T-Shirts - Guatemala

Guatemala

In 2024, the revenue in the T-Shirts market in Guatemala is estimated to be US$56.43m.
It is projected that the market will experience an annual growth rate of 3.85% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue, reaching US$10,780m in 2024.
In terms of per capita revenue, each person in Guatemala is expected to generate US$3.07 in 2024.
Looking ahead, the volume in the T-Shirts market is predicted to reach 14.9m pieces by 2029.
However, there is a slight decline in volume growth expected for 2025, with a decrease of -0.5%.
The average volume per person in the T-Shirts market is anticipated to be 0.8pieces in 2024.
The demand for traditional Mayan-inspired T-shirts in Guatemala is on the rise, reflecting a growing interest in indigenous culture and sustainable fashion.

Key regions: Philippines, Malaysia, United States, Singapore, India

Market

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Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on the consumer spending on clothing which comprises women, men, and children segments that are produced for private end customers for both offline retail (department stores, traditional specialist shops) and online retail (e-commerce, ordering by catalog).

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use resources from the Statista platform, national statistics, industry research, market data from independent databases and third-party sources, historical developments, current trends, reported performance indicators from the key market players, and Statista interviews with market experts. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, consumer price index and population. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the exponential trend smoothing illustrates suited forecasting for the Apparel market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional Notes :

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.