The market size of pullovers and cardigans made of cotton in Sri Lanka was valued at 153.83 million USD in 2023. The market showed a steady growth pattern from 2013 to 2023, with a notable increase from 2016 onwards. Despite minor fluctuations, the market experienced an average annual growth rate of 1.41% over the last five years. In recent years, incremental year-on-year increases have been observed, indicating a stable, albeit modest, growth trajectory.

Future trends to watch for:

Rising demand for sustainable and eco-friendly cotton products could further propel market growth.
Technological advances in textile production may lead to cost reductions and quality improvements.
Potential shifts in consumer preferences towards alternative materials could impact future growth.
Geopolitical and economic factors, including trade policies and currency fluctuations, may affect market dynamics post-2024.