The market for pullovers and cardigans made of synthetic fibers in Latvia was valued at $31.387 million in 2023, reflecting a slight increase of 0.58% from the previous year. The market experienced fluctuations from 2013 to 2023, with notable declines in 2014, 2015, 2019, and 2020. Despite these downturns, the market largely recovered and demonstrated growth in recent years, particularly with a significant rise of 14.9% in 2021. The compound annual growth rate over the last five years remained relatively stable at 0.8%.
Future trends to watch for include:
- Potential impact of sustainable practices on synthetic fiber production.
- Changing consumer preferences toward eco-friendly materials.
- Influence of global economic conditions on purchasing power and market size.
How does Latvia 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 |
| 31 | 31 Estonia | 34,578,000 | 2023 | +0.27% | -1.03% | 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% | |
| 34 | 34 Cyprus | 17,892,000 | 2023 | -1.44% | -0.95% | View data |
| 35 | 35 Iceland | 14,812,000 | 2023 | +2.01% | +1.35% | View data |
