The market for Pullovers and Cardigans Made of Cotton in Bosnia and Herzegovina has demonstrated a consistent growth from 2013 to 2023, reaching a size of 30.458 million USD in 2023. Over these years, the market recorded fluctuations in yearly growth, with significant expansion experienced in 2018 at a 14.45% year-on-year increase. However, growth steadily decelerated in the following years, declining to a 2.36% increase by 2023.
Key trends include:
- The compound annual growth rate (CAGR) over the last five years stood at 1.8%, indicating moderate industry expansion.
- Recent years, particularly 2021-2022 and 2022-2023, showed a notable steady decline in year-on-year growth.
Future trends may involve a focus on sustainable practices and innovations in textile technology, which could stimulate growth and customer interest. Additionally, potential economic shifts and consumer behavior changes post-COVID-19 could influence market dynamics and trends significantly.
How does Bosnia and Herzegovina 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 |
| 31 | 31 Bulgaria | 55,126,000 | 2023 | +2.56% | +2.9% | View data |
| 32 | 32 Lithuania | 48,726,000 | 2023 | +3.27% | +4.86% | View data |
| 33 | 33 Bosnia and Herzegovina | 30,458,000 | 2023 | +2.36% | +1.8% | |
| 34 | 34 Latvia | 27,616,000 | 2023 | +1.28% | +1.62% | View data |
| 35 | 35 Costa Rica | 13,416,000 | 2023 | -0.76% | -1.24% | View data |
