The Indonesian market for pullovers and cardigans made of cotton reached a size of 1141.4 million USD in 2023. Over the past decade, this market has shown fluctuations, with notable growth from 2016 to 2018, peaking at 1164.4 million USD in 2018. Recent years have seen moderate growth with annual increases of slightly over 2% in 2021, 2022, and 2023. The average compound annual growth rate (CAGR) over the last five years stands at -0.4%, indicating a slight decline when viewed over a more extended period.
In looking ahead, several trends may impact the market:
- Increased demand for sustainable and organic cotton products amid rising environmental consciousness.
- Potential market disruptions due to global supply chain uncertainties.
- Growing interest in diverse fashion trends that could spur demand variability.
How does Indonesia 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 |
| 9 | 9 Australia | 1,479,800,000 | 2023 | +3.47% | +4.24% | View data |
| 10 | 10 Netherlands | 1,408,600,000 | 2023 | -0.41% | -0.13% | View data |
| 11 | 11 Indonesia | 1,141,400,000 | 2023 | +2.07% | -0.4% | |
| 12 | 12 Switzerland | 908,360,000 | 2023 | -0.15% | -1.15% | View data |
| 13 | 13 Sweden | 795,620,000 | 2023 | +0.57% | +0.6% | View data |
