The market for pullovers and cardigans made of synthetic fibers in Ecuador observed fluctuations from 2013 to 2023. Starting at $19.979 million in 2013, it peaked at $31.493 million in 2023. Notably, 2021 marked a strong recovery with a 23.51% increase following a sharp decline in 2020. Over the last five years, the market grew at a compounded annual growth rate (CAGR) of 2.42%, highlighting moderate growth with some volatility, especially between 2020 and 2021.
Future trends to watch for include:
- Increasing demand for sustainable fashion, potentially influencing synthetic fiber usage.
- Impact of economic recovery post-pandemic on consumer spending.
- Technological advancements in textile manufacturing, promoting innovative products.
- Changes in trade policies affecting import and export dynamics.
| # | 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 |
| 30 | 30 Slovenia | 64,629,000 | 2023 | +1.31% | +1.57% | View data |
| 31 | 31 Estonia | 34,578,000 | 2023 | +0.27% | -1.03% | View data |
| 32 | 32 Ecuador | 31,493,000 | 2023 | +2.3% | +2.42% | |
| 33 | 33 Latvia | 31,387,000 | 2023 | +0.58% | +0.8% | View data |
| 34 | 34 Cyprus | 17,892,000 | 2023 | -1.44% | -0.95% | View data |
