Analysis of the import of cotton yarn put up for retail sale to Sweden reveals several trends. In 2023, the import stood at $5.9594 million USD. Notably, between 2013 and 2023, import values varied with some fluctuations. The market saw significant growth in 2016 but faced a downturn in 2020. Overall, the trend from 2013 to 2023 shows an average annual growth (CAGR) of 2.29%. The year-on-year growth rate from 2022 to 2023 was 1.92%.
Future projections indicate a steady rise, with imports expected to reach $6.5455 million USD by 2028. The forecasted average annual growth (CAGR) for the next five years is 1.48%, leading to an overall growth rate of 7.61% in this period.
Future trends to watch for:
- Impact of sustainable and eco-friendly materials on cotton yarn demand.
- Shifts in global trade policies affecting import levels.
- Technological advancements in textile manufacturing.