The market for pullovers and cardigans made of cotton in Norway experienced fluctuations over the past decade. From 2013 to 2015, the market saw a sharp decline, with a notable decrease in 2015. A recovery trend began in 2016, with slight growth continuing into 2019 before peaking again in 2020. The years 2021 to 2023 saw a gradual decline, leading to a market value of 372.78 million USD in 2023, with negative year-on-year growth rates for the last two years. Over the five-year period ending in 2023, the market showed a compound annual growth rate of -1.27%.
Future trends to watch include:
- Growth opportunities in sustainable and eco-friendly cotton products due to rising environmental awareness.
- Digital transformation in retail, improving direct-to-consumer sales channels.
- Potential market shifts due to changes in global trade policies and production costs.
How does Norway 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 |
| 15 | 15 Mexico | 497,930,000 | 2023 | +2.45% | +1.44% | View data |
| 16 | 16 Belgium | 431,470,000 | 2023 | -6.9% | -2.74% | View data |
| 17 | 17 Norway | 372,780,000 | 2023 | -2.7% | -1.27% | |
| 18 | 18 Czech Republic | 294,200,000 | 2023 | +2.46% | +2.51% | View data |
| 19 | 19 Romania | 284,460,000 | 2023 | +4.01% | +6.79% | View data |
