In 2023, the market for Pullovers and Cardigans Made of Cotton in Colombia reached $126.51 million, marking a decline from the previous year and continuing a downward trend. This market has seen varying growth rates over the years, with the most recent two-year trend showing a slight negative year-on-year decrease. Over the last five years, a negative compound annual growth rate (CAGR) of -2.77% highlights a continuous contraction in the market size.
Future trends to watch for in this market include:
- Potential recovery fueled by innovative fashion trends or sustainability efforts in the cotton apparel sector.
- Impact of economic conditions in Colombia on consumer spending habits for apparel.
- Influence of global cotton prices and trade policies on market dynamics.
How does Colombia 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 |
| 24 | 24 Finland | 181,910,000 | 2023 | -5% | -5.37% | View data |
| 25 | 25 South Africa | 140,280,000 | 2023 | +0.014% | +1.73% | View data |
| 26 | 26 Colombia | 126,510,000 | 2023 | -1.68% | -2.77% | |
| 27 | 27 Croatia | 113,700,000 | 2023 | +0.52% | -1.16% | View data |
| 28 | 28 Slovakia | 96,880,000 | 2023 | -3.59% | +1.91% | View data |
