The market size of pullovers and cardigans made of cotton in Belgium has shown a fluctuating downward trend over the past decade. The value, standing at $431.47 million in 2023, witnessed minor recoveries in 2018 and 2020 but ultimately reflected a negative year-on-year variation of -6.9% most recently. The compound annual growth rate over the last five years was -2.74%, confirming the overall decline in the market.
Future trends to watch for include:
- The impact of sustainable fashion movements on cotton apparel demand.
- Potential shifts in consumer preferences towards synthetic fiber alternatives.
- Changes in trade regulations affecting cotton imports and exports.
- The influence of economic conditions on disposable income and clothing expenditure.
How does Belgium rank in Pullovers and Cardigans Made of Cotton Market Size Value?
| # | 39 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 19,033,000,000 | 2023 | +3.2% | +2.89% | View data |
| 2 | 2 Japan | 7,123,300,000 | 2023 | -0.88% | +0.63% | View data |
| 3 | 3 Germany | 6,049,400,000 | 2023 | -0.57% | -1.08% | View data |
| 4 | 4 United Kingdom | 4,945,600,000 | 2023 | +0.44% | -0.75% | View data |
| 5 | 5 Italy | 4,476,600,000 | 2023 | +1.09% | -0.96% | View data |
| 14 | 14 Austria | 730,970,000 | 2023 | +1.05% | +0.47% | View data |
| 15 | 15 Mexico | 497,930,000 | 2023 | +2.45% | +1.44% | View data |
| 16 | 16 Belgium | 431,470,000 | 2023 | -6.9% | -2.74% | |
| 17 | 17 Norway | 372,780,000 | 2023 | -2.7% | -1.27% | View data |
| 18 | 18 Czech Republic | 294,200,000 | 2023 | +2.46% | +2.51% | View data |
