Between 2013 and 2023, the Pullovers and Cardigans Made of Cotton market in Mexico saw fluctuating growth, from $398.11 million to $497.93 million. The market experienced a notable dip from 2015 to 2016 but recovered significantly by 2021. The last two years showed modest growth with a year-on-year increase of 2.54% in 2022 and 2.45% in 2023. Over the past five years, the market achieved a CAGR of 1.44%, indicating steady albeit slow growth.
Future trends to watch for include:
- Continued interest in sustainable and eco-friendly materials could drive higher demand.
- E-commerce expansion might bolster market reach and sales.
- Potential economic fluctuations impacting consumer purchasing power and market stability.
How does Mexico 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 |
| 13 | 13 Sweden | 795,620,000 | 2023 | +0.57% | +0.6% | View data |
| 14 | 14 Austria | 730,970,000 | 2023 | +1.05% | +0.47% | View data |
| 15 | 15 Mexico | 497,930,000 | 2023 | +2.45% | +1.44% | |
| 16 | 16 Belgium | 431,470,000 | 2023 | -6.9% | -2.74% | View data |
| 17 | 17 Norway | 372,780,000 | 2023 | -2.7% | -1.27% | View data |
