Even though the Colombian economy grew strongly in 2022, over the longer term it is set to see decline as global recession looms. Consumers will allocate less share of their tight budgets to apparel products that they deem to be non-essential.
According to trade sources, the apparel industry is dwindling due to a loss of skills through retirement, a lack of quality professional training resources and a shortage of new industry entrants with relevant skills. Moreover, for workers with technical roles, there is not enough mid-career development, which is driving increased dissatisfaction and encouraging people to move out of the industry towards more attractive options such as software, data or administration.
As supply disruptions and labour-market pressures continue, new ways of shopping may arise. This is set to develop within traditional specialist retailers offering a more personalised experience to customers in order to compete more effectively.
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Understand the latest market trends and future growth opportunities for the Womenswear industry in Colombia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Womenswear industry in Colombia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This is the aggregation of women's outerwear and women's underwear, nightwear and swimwear.See All of Our Definitions
This report originates from Passport, our Womenswear research and analysis database.
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