The market for pullovers and cardigans made of synthetic fibers in Cyprus reflected a fluctuating trend from 2013 to 2023. Starting at $20.312 million in 2013, it saw a decline to $16.777 million by 2016, followed by a recovery peaking at $19.465 million in 2019. The pandemic year 2020 saw a sharp decrease to $15.515 million. By 2023, the market slightly declined to $17.892 million. Key variations include a significant drop in 2020 and modest declines in 2022 and 2023. The five-year CAGR stood at -0.95%, indicating an average annual decline.
Future trends to watch for include:
- Potential recovery in consumer spending post-pandemic.
- Growing demand for sustainable and eco-friendly synthetic materials.
- Impact of global supply chain adjustments and potential trade policy changes.
- Technological advancements in synthetic fiber production, enhancing quality and appeal.
How does Cyprus rank in Pullovers and Cardigans Made of Synthetic Fibres Market Size Value?
| # | 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 |
| 32 | 32 Ecuador | 31,493,000 | 2023 | +2.3% | +2.42% | View data |
| 33 | 33 Latvia | 31,387,000 | 2023 | +0.58% | +0.8% | View data |
| 34 | 34 Cyprus | 17,892,000 | 2023 | -1.44% | -0.95% | |
| 35 | 35 Iceland | 14,812,000 | 2023 | +2.01% | +1.35% | View data |
| 36 | 36 Namibia | 13,289,000 | 2023 | +2.98% | +3.8% | View data |
