Between 2013 and 2023, the Austrian market for pullovers and cardigans made of cotton grew from 634.57 million USD to 730.97 million USD. Significant fluctuations were observed, such as a drop in 2015 by 13.91% and a subsequent rise in 2017 by 11.58%. From 2021 to 2023, the market's growth rate slowed, with a year-on-year increase of just over 1%. Over the past five years, the compound annual growth rate settled at a modest 0.47%, indicating slower steady growth.
Future trends to watch for:
- Increased consumer demand for sustainable and eco-friendly clothing options.
- Pandemic-related changes in consumer buying behavior and potential fluctuations in global cotton prices impacting production costs.
- Digital transformation in retail businesses potentially reshaping market dynamics.
How does Austria 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 |
| 12 | 12 Switzerland | 908,360,000 | 2023 | -0.15% | -1.15% | 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% | |
| 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 |
