The market for pullovers and cardigans made of synthetic fibers in Montenegro grew from $4.6185 million in 2013 to $7.5211 million in 2023. Over this decade, the market experienced fluctuation, with notable contractions in 2019 and 2020. The most significant recovery was observed in 2021 with a year-on-year increase of 24.16%. The market's compound annual growth rate (CAGR) over the last five years stood at 2.01%, indicating moderate expansion.
Future trends to watch for include:
- An emphasis on sustainable synthetic materials as consumers become more eco-conscious.
- Technological advancements driving innovation in fabric production.
- Potential impacts of global economic shifts on consumer spending power.
How does Montenegro 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 |
| 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 |
| 37 | 37 Montenegro | 7,521,100 | 2023 | +2.77% | +2.01% | |
