The market size value per capita for pullovers and cardigans made of synthetic fibers in Cyprus experienced fluctuations from 2013 to 2023, seeing a peak at $17.87 in 2014 and a decline to $14.56 by 2023. The values indicate cyclical variability with a significant dip in 2020 to $12.87, likely influenced by the pandemic. Over the last five years, there has been a moderate compounded annual growth rate (CAGR) of approximately -0.77%. Comparing the last two years, the market saw a slight decline with a year-on-year decrease of 2.08% from 2022 to 2023.
Future trends to watch for:
- Increased focus on sustainable and eco-friendly materials which may impact synthetic fiber demand.
- Changes in consumer preferences toward more casual and comfortable clothing styles.
- E-commerce growth and its influence on purchasing patterns for pullovers and cardigans.
- Potential economic factors affecting consumer spending in Cyprus.
| # | 34 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 109.81 | 2023 | View data | ||
| 2 | 2 Spain | 108.46 | 2023 | View data | ||
| 3 | 3 Japan | 100.9 | 2023 | View data | ||
| 4 | 4 Austria | 92.1 | 2023 | View data | ||
| 5 | 5 Netherlands | 79.87 | 2023 | View data | ||
| 26 | 26 Latvia | 15.54 | 2023 | View data | ||
| 27 | 27 Hungary | 15.09 | 2023 | View data | ||
| 28 | 28 Cyprus | 14.56 | 2023 | |||
| 29 | 29 Montenegro | 12.08 | 2023 | View data | ||
| 30 | 30 Mexico | 6.82 | 2023 | View data | ||
