Over the last decade, the market for pullovers and cardigans made of cotton in Sweden has seen varied growth patterns. Between 2012 and 2013, the market value surged by 14.82%, recovering from a significant dip of 10.81% in 2012. However, subsequent years saw fluctuations with minor declines, particularly from 2014 to 2016, where growth was negative or marginally positive. The period from 2017 onwards demonstrated a more stable trend, with the market gradually recovering and experiencing growth peaks, notably in 2019 with a 6.48% increase. Despite a small dip in 2020, the market resumed a growth trajectory, closing with a value of 815.99 million USD in 2022.
Key trends over the longer term:
- The average annual growth rate (CAGR) over the last five years is positive at 1.41%.
- 2019 stands out with the highest year-on-year growth at 6.48% in the past decade.
- The market encountered periodic declines, notably in 2015 and 2016, but these were often followed by recovery phases.
Future trends to watch for:
- Given the steady value increase in recent years, the market is expected to maintain moderate growth in 2024.
- Impacts of sustainability trends and potential shifts in consumer preferences towards eco-friendly clothing could influence market dynamics.
- Economic factors and fashion trends will be crucial in shaping future demand and market size in Sweden.
How does Sweden 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 |
| 11 | 11 Indonesia | 1,141,400,000 | 2023 | +2.07% | -0.4% | View data |
| 12 | 12 Switzerland | 908,360,000 | 2023 | -0.15% | -1.15% | View data |
| 13 | 13 Sweden | 795,620,000 | 2023 | +0.57% | +0.6% | |
| 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 |
