The market size value for Pullovers and Cardigans made of cotton in Latvia reached 27.616 million US Dollars in 2023. Over the past two years, there has been a modest year-on-year growth of approximately 1.31% in 2022 and 1.28% in 2023. Analyzing the last five years, the compound annual growth rate (CAGR) reflects an average annual increase of 1.62%, indicating a consistent, though moderate, upward trend post the 2020 peak.
Future trends to watch for include a potential increase in demand for sustainable and eco-friendly products, which could influence practices and preferences within this segment. Additionally, shifting fashion trends and economic conditions in Latvia might impact market dynamics and consumer spending patterns.
How does Latvia 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 |
| 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% | View data |
| 34 | 34 Latvia | 27,616,000 | 2023 | +1.28% | +1.62% | |
| 35 | 35 Costa Rica | 13,416,000 | 2023 | -0.76% | -1.24% | View data |
| 36 | 36 Malta | 11,652,000 | 2023 | +1.85% | +2.45% | View data |
