The market size of pullovers and cardigans made of synthetic fibers in Namibia reached $13.289 million in 2023, exhibiting a year-on-year growth of approximately 2.98%. This follows a positive trend from 2021, with significant recovery after a notable decline in 2020. Over the past five years, the compound annual growth rate (CAGR) was approximately 3.8%, indicating a steady increase in market value despite fluctuations. These trends suggest resilience and adaptability in the market.
Future trends to watch include:
- Fluctuating demand due to global economic conditions which could impact synthetic fiber imports.
- Increased consumer preferences for sustainable materials that might influence synthetic fiber usage.
- Potential growth opportunities in e-commerce channels enhancing market reach.
How does Namibia rank in Pullovers and Cardigans Made of Synthetic Fibres Market Size Value?
| # | 37 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 12,696,000,000 | 2023 | -0.7% | -1.3% | View data |
| 2 | 2 Germany | 7,081,100,000 | 2023 | +1.02% | -0.044% | View data |
| 3 | 3 Spain | 5,115,200,000 | 2023 | +1.96% | +1.92% | View data |
| 4 | 4 United Kingdom | 5,048,100,000 | 2023 | -0.47% | -1.09% | View data |
| 5 | 5 France | 5,046,500,000 | 2023 | -0.27% | -1.27% | View data |
| 34 | 34 Cyprus | 17,892,000 | 2023 | -1.44% | -0.95% | View data |
| 35 | 35 Iceland | 14,812,000 | 2023 | +2.01% | +1.35% | View data |
| 36 | 36 Namibia | 13,289,000 | 2023 | +2.98% | +3.8% | |
| 37 | 37 Montenegro | 7,521,100 | 2023 | +2.77% | +2.01% | View data |
