Over the past decade, Colombia's market for pile knit or crochet fabric of synthetic fibres has shown fluctuations. In 2023, the market size reached $185.62 million USD, witnessing a 3.71% year-on-year increase from 2022. Notably, the compound annual growth rate (CAGR) over the last five years was approximately 3.82%.
Future trends to watch for include:
- Increasing demand driven by growing fashion and apparel industries.
- Technological advancements leading to more efficient production and innovative fabric blends.
- Potential impacts of environmental regulations and sustainability trends on raw material sourcing and production practices.
| # | 12 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Colombia | 185,620,000 | 2023 | +3.71% | +3.82% | |
| 2 | 2 Spain | 90,201,000 | 2023 | +4.46% | +4.06% | View data |
| 3 | 3 Germany | 90,163,000 | 2023 | +4.45% | +6.34% | View data |
| 4 | 4 United Kingdom | 74,669,000 | 2023 | +1.55% | +1.75% | View data |
| 5 | 5 Japan | 41,221,000 | 2023 | -6.3% | -6% | View data |
